Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
441
2025-2026 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 8, 2025
___________
Introduced by M. of A. R. CARROLL -- read once and referred to the
Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to increasing the
notice of cancellation requirements for automobile broker businesses
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 738 of the general business law,
as added by chapter 616 of the laws of 1988, the opening paragraph as
amended by a chapter of the laws of 2024 amending the general business
law and the vehicle and traffic law relating to automobile broker busi-
nesses, as proposed in legislative bills numbers S. 7553-A and A.
3499-B, is amended to read as follows:
2. The contract shall be accompanied by a completed form in duplicate,
captioned "Notice of Cancellation" which shall be attached to the
contract and easily detachable, and which shall contain in at least
twelve point type the following:
"Notice of Cancellation"
"You may cancel this contract, without any penalty or obligation,
within three days from the date that a copy of an executed contract is
received by you OR UNTIL THE AUTOMOBILE DESCRIBED IN SECTION ( ) OF THIS
CONTRACT HAS BEEN DELIVERED TO YOU, WHICHEVER IS SOONER, PROVIDED THAT
IF THE AUTOMOBILE IS NOT DELIVERED TO YOU IN ACCORDANCE WITH THIS
CONTRACT WITHIN THIRTY DAYS OF THE ESTIMATED DELIVERY DATE, YOU MAY
CANCEL THIS CONTRACT AND RECEIVE A FULL REFUND, UNLESS THE DELAY IN
DELIVERY IS ATTRIBUTABLE TO YOU. ADDITIONALLY, YOU MAY CANCEL THIS
CONTRACT, WITHOUT ANY PENALTY OR OBLIGATION, FOR OTHER GROUNDS UNDER NEW
YORK STATE LAW, INCLUDING BUT NOT LIMITED TO THE RIGHTS ENUMERATED IN
SECTION 738 OF THE NEW YORK STATE GENERAL BUSINESS LAW.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02685-01-5
A. 441 2
To cancel this contract, mail or deliver a signed and dated copy
of this cancellation notice, or any other written notice, to
(__________________________________) at (________________________)
name of automobile broker business address
[not later than midnight of the third day following your receipt of a
signed contract] WITHIN THE APPLICABLE TIMEFRAME.
I hereby cancel this transaction."
_________________________________
(signature of consumer)
_________________________
(date)
§ 2. Paragraph (e) of subdivision 1 of section 741-a of the general
business law, as amended by a chapter of the laws of 2024 amending the
general business law and the vehicle and traffic law relating to automo-
bile broker businesses, as proposed in legislative bills numbers S.
7553-A and A. 3499-B, is amended to read as follows:
(e) That the automobile broker business is not affiliated with any
[manufacturer, dealership, or dealership group] DEALER, AS DEFINED IN
SECTION FOUR HUNDRED FIFTEEN OF THE VEHICLE AND TRAFFIC LAW, OR ANY
MOTOR VEHICLE FRANCHISOR, MANUFACTURER, OR DISTRIBUTOR AS DEFINED IN
SECTION FOUR HUNDRED SIXTY-TWO OF THE VEHICLE AND TRAFFIC LAW.
§ 3. This act shall take effect on the same date and in the same
manner as a chapter of the laws of 2024 amending the general business
law and the vehicle and traffic law relating to automobile broker busi-
nesses, as proposed in legislative bills numbers S. 7553-A and A.
3499-B, takes effect.Every fact on this page links to its source, starting with the official bill record.