SB48 Alabama 2022 Session
Summary
- Primary Sponsor
Tom WhatleyRepublican- Session
- Regular Session 2022
- Title
- Motor vehicle, financing and lease agreements, lease waiver agreements to pay deficiency balances at end of lease, motor vehicle value protection agreements to reduce deficiency balances, Secs. 8-37A-1 to 8-37A-6, inclusive, added; Sec. 8-37-2 am'd.
- Description
This bill would relate to credit financing of the sale or lease of motor vehicles. This bill would further define a guaranteed asset protection waiver or GAP waiver to include excess wear and use waivers in consumer lease agreements. This bill would also authorize the sale of motor vehicle value protection agreements to reduce deficiency balances relating to motor vehicle credit financing agreements.
- Subjects
- Motor Vehicles
Bill Actions
Assigned Act No. 2022-179.
Enrolled
Signature Requested
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 623
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Financial Services
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 47
Whatley motion to Adopt adopted Roll Call 46
Whatley Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Judiciary
Bill Text
Votes
SBIR: Whatley motion to Adopt Roll Call 45
Motion to Read a Third Time and Pass Roll Call 47
HBIR: Ingram motion to Adopt Roll Call 622
Motion to Read a Third Time and Pass Roll Call 623
Documents
Source: Alabama Legislature