An Act relative to the financing of motor vehicle purchases

This bill (HD 740) amends Massachusetts law to add a new provision prohibiting motor vehicle buyers from securing financing for their purchase from sources outside the dealership. Specifically, it adds a clause to Chapter 93B that would prevent purchasers from using non-dealer financing options. The change directly affects consumers buying vehicles and dealerships, as it restricts where buyers can obtain loans for vehicle purchases. The bill modifies existing legal language without creating new financial requirements or funding mechanisms. This is a procedural amendment to clarify and expand existing dealer financing rules.