New York S04981 regulates automotive broker businesses, requiring registration, defining deceptive practices, and establishing rights of action and.
New York S04981 mandates registration for new automotive broker businesses, setting forth various conduct provisions. It defines deceptive practices, such as misrepresenting services or failing to disclose fees. The bill establishes rights of action for consumers and businesses injured by violations, allowing for injunctions and civil penalties. It also requires brokers to maintain records and provide specific disclosures to consumers, ensuring transparency in transactions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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