HB10 Alabama 2020 Session
Updated Feb 12, 2020
HB10 Alabama 2020 Session
House Bill
Expired
Current Status
Regular Session 2020
Session
1
Sponsor
Summary
- Primary Sponsor
-
Becky NordgrenRepublican - Session
- Regular Session 2020
- Title
- Motor vehicle dealers, sale of vehicles, disclosure of portion of finance charge received by dealer from financial institution
- Description
Under existing law, consumer credit transactions are regulated by the Alabama Consumer Credit Act, commonly referred to as the Mini-Code, and pursuant to other state and federal laws.
This bill would require a new or used motor vehicle dealer to disclose to a consumer purchaser of a new or used motor vehicle any portion of the finance charge received by the dealer from a financial institution in connection with providing financing for the purchase by the consumer.
- Subjects
- Motor Vehicles
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Documents
Source: Alabama Legislature