Authorizes the superintendent of financial services to oversee and regulate car dealer transactions with consumers; requires motor vehicle retail.

This bill authorizes the superintendent of financial services to oversee and regulate car dealer transactions with consumers. It requires motor vehicle retail installment contracts to include an itemized listing of all costs related to the purchase of a motor vehicle and a disclosure of the prohibition of conditional delivery. The bill also requires motor vehicle dealers to provide credit applicants with copies of all credit application documents. Additionally, it prohibits the conditional delivery of a motor vehicle.

Authorizes the superintendent of financial services to oversee and regulate car dealer transactions with consumers; requires motor vehicle retail.

This bill authorizes the superintendent of financial services to oversee and regulate car dealer transactions with consumers. It requires motor vehicle retail installment contracts to include an itemized listing of all costs related to the purchase of a motor vehicle and a disclosure of the prohibition of conditional delivery. The bill also requires motor vehicle dealers to provide credit applicants with copies of all credit application documents. Additionally, it prohibits the conditional delivery of a motor vehicle.