Introduced
by
To raise from $40 to $250, or five-percent of the cash price of the vehicle, whichever is less, the maximum allowable document preparation fee that can be charged by an auto dealer who also acts as the lender on an vehicle installment sale (or lease) contract. This would be adjusted every two years for inflation.
Referred to the Committee on Insurance and Financial Services
Amendment offered
by
To change the rounding formula for cost of living fee adjustments to permit rounding to the nearest $10, rather than the nearest $100.
The amendment passed by voice vote
Amendment offered
by
To limit the maximum fee a dealer may charge to $160 rather than $250.
The amendment passed by voice vote
Amendment offered
by
To limit the maximum fee a dealer may charge to $100 rather than $160 or $250.
The amendment failed 34 to 56 (details)
Amendment offered
by
To limit the maximum fee a dealer may charge to $160 rather than $250.
The amendment passed by voice vote
Amendment offered
by
To phase in over three years the proposed increase in the maximum amount of document preparation fees.
The amendment failed 37 to 59 (details)
Passed in the House 84 to 14 (details)
To raise from $40 to $160, or five-percent of the cash price of the vehicle, whichever is less, the maximum allowable document preparation fee that can be charged by an auto dealer who also acts as the lender on an vehicle installment sale (or lease) contract. This would be adjusted every two years for inflation. A dealer may charge less.
Referred to the Committee on Transportation and Tourism
Amendment offered
by
To require dealers to disclose that the document preparation fee level is negotiable.
The amendment failed 18 to 14 (details)
Passed in the Senate 24 to 10 (details)
To raise from $40 to $160, or five-percent of the cash price of the vehicle, whichever is less, the maximum allowable document preparation fee that can be charged by an auto dealer who also acts as the lender on an vehicle installment sale (or lease) contract. This would be adjusted every two years for inflation. A dealer may charge less.
