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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2020 Alabama Legislative Regular Session
  5. 2020 Alabama House Bills
  6. HB10 Alabama 2020 Session

HB10 Alabama 2020 Session

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In Committee
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Text
  • 4 Bill Documents

Bill Summary

Sponsors
  • Becky Nordgren
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

Relating to consumer purchases from a dealer of new and used motor vehicles financed by a financial institution; to require a new or used motor vehicle dealer to disclose to a consumer any portion of the finance charge received by the dealer for arranging financing with a financial institution for the purchase of a motor vehicle by the consumer.

Subjects
Motor Vehicles

Bill Actions

Action Date Chamber Action
February 4, 2020 H Read for the first time and referred to the House of Representatives committee on Financial Services

Bill Text

Download HB10 Alabama 2020 Session PDF

Bill Documents

Type Link
Bill Text HB10 Alabama 2020 Session - Introduced

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