2007 Regular Session
|At the request of:|
|Regular Sponsors:||Business And Labor|
|Bill Title:||Relating to vehicle protection products.|
|Catchline/Summary:||Requires person offering for sale or selling vehicle protection product with warranty to make certain disclosures to consumer.
Requires warrantor to register with Director of Department of Consumer and Business Services and obtain reimbursement insurance for warranty issued. Specifies requirements for reimbursement insurance policy. Permits warrantor to designate person as administrator for warranties. Requires warrantor to maintain accurate accounts and make records available to director for inspection. Prohibits warrantor from taking certain actions and using certain terms in warrantor's name. Permits Attorney General to enforce violation of Act as unlawful trade practice at director's request]. Specifies that Act becomes operative on January] July 1, 2008. Declares emergency, effective on passage.].
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|