H 453 Vermont House · 2023-2024 Regular Session

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
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Full legislative history

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Total actions
1
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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
Photo of Mike Mrowicki
Mike Mrowicki
DDemocratic
VT
Windham-4