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Bill

S 2672

Increases the notice of cancellation requirements for automobile broker businesses

2025 Regular Session Introduced by Rachel May

S 2672 - Increases the notice of cancellation requirements for automobile broker businesses OverviewBill Number: S 2672 Title: Increases the notice of cancellation requirements fo

SUBSTITUTED BY A441
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Bill Summary · S 2672

S 2672 - Increases the notice of cancellation requirements for automobile broker businesses

Overview

Bill Number: S 2672
Title: Increases the notice of cancellation requirements for automobile broker businesses
Status: SUBSTITUTED BY A441
Introduced: August 01, 2025

Purpose and Intent

The primary purpose of this bill is to strengthen consumer protections for individuals using automobile broker services. The legislation aims to provide more transparency and advance notice to consumers when an automobile broker intends to cancel a contract or agreement.

Key Provisions

  • Increases the required notice period for automobile brokers to cancel a contract or agreement with a consumer from 10 days to 30 days
  • Mandates that automobile brokers provide the cancellation notice in writing, either by mail or email
  • Requires automobile brokers to disclose the specific reason(s) for the cancellation in the written notice
  • Prohibits automobile brokers from charging any cancellation fees or penalties to consumers if the required 30-day notice is not provided

Affected Parties and Impacts

This bill would directly impact consumers who utilize automobile broker services when purchasing or leasing a vehicle. The increased notice period and disclosure requirements are intended to give consumers more time to make alternative arrangements and avoid unexpected disruptions to their vehicle acquisition plans.

Automobile broker businesses would also be affected, as they would need to adjust their contract cancellation policies and procedures to comply with the new 30-day notice mandate. This could result in operational changes and potential revenue impacts for brokers.

Procedural and Timeline Considerations

The bill was introduced in the state legislature on August 1, 2025 and has been SUBSTITUTED BY A441, indicating that an amended version of the legislation has been proposed. The current status suggests the bill is still under consideration and has not yet been enacted into law. If passed, the new 30-day notice requirement for automobile broker cancellations would likely take effect 90 days after the bill's enactment.

Compiled from official sources — confirm details with the bill’s official record.

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