HB10 Alabama 2020 Session
Bill Summary
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.
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
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB10 Alabama 2020 Session - Introduced |