An act relating to preventing yo-yo motor vehicle sales
This bill aims to prevent "yo-yo" sales by establishing that motor vehicle sales transactions become final after three days. It directly affects car dealers and consumers by prohibiting dealers from selling a vehicle that was traded in during a transaction until the sale is finalized. The law also requires dealers to complete the transaction within this timeframe to avoid complications. By setting a clear deadline for finalizing sales, the bill seeks to protect buyers from being pressured into returning to dealerships after initial negotiations.
Bill status
introduced
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
Governor
Introduced Mar 1, 2023
Last action Mar 1, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Mar 1, 2023
Introduced
Read first time and referred to the Committee on Commerce and Economic Development
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Mrowicki
DDemocratic
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