July 31, 2017
Federal Legislation Introduced to Require Used Car Dealers to Repair Vehicles with Recalled, Unsafe Parts

U.S. Senators Blumenthal (D-CT) and Markey (D-MA) and U.S. Representative Schakowsky (D-IL) introduced legislation to ensure used vehicles containing recalled, unsafe parts are repaired before being sold or leased. Dealers currently may sell or lease cars with outstanding recalls. The Used Car Safety Recall Repair Act requires used car dealers to repair any outstanding safety recalls before selling or leasing used automobiles. Manufacturers and new car dealers are prohibited from selling vehicles containing recalled parts, but no current law prohibits used car dealers from selling or leasing vehicles containing recalled parts. The sponsors say that the proposed legislation addresses the gap in consumer protection that confuses car buyers who believe they are buying a product with safety assurances. The House bill is co-sponsored by Representatives Pallone, Jr. (D-NJ), Rush (D-IL), Butterfield (D-NC), and Matsui (D-CA).

A monthly, multi-faceted legal reporting service for legal compliance professionals and law firms in the consumer unsecured and personal property-secured lending industry interested in installment lending, student lending, payday lending, title lending, pawn transactions, prepaid cards, and open-end lines of credit, including credit cards.

For a demonstration and free trial of our latest legal reporter, please contact Mike Willer at (614) 855-0505. Click here for more info.