Governor Cuomo Signs Legislation Prohibiting Early Termination Fees on Motor Vehicle Lease Contracts if a Customer Has Passed Away Before the Contract Ends

Posted to Applied Web NY on Thu, 09/05/2019 - 14:06

Governor Andrew M. Cuomo today signed legislation (S.4019A/A.2078) to prohibit companies from charging early termination fees on motor vehicle lease contracts if a customer has passed away before the end of the contract. Similar laws are in place prohibiting phone, television, internet, energy and water service providers from charging early termination fees if a contract is broken due to the death of the customer. This new law expands such protections from early termination fees to motor vehicle leases.

Bulletin assigned to: