Relates to rental vehicle protections.
TITLE OF BILL: An act to amend chapter 656 of the laws of 2002 amending the general business law relating to rental vehicle protections, in relation to extending the provisions of such chapter
To extend the provisions of GBL § 396-z relating to certain rental vehicle protections for an additional five years.
SUMMARY OF PROVISIONS:
Amends section 396-z of the general business law by extending the sunset provision (currently scheduled to occur June 30, 2013)for an additional five years (June 30, 2018).
Chapter 656 of the Laws of 2002 revised § 396-z of the General Business Law, bringing New York into conformance with the rest of the 49 states by making vehicle renters responsible for damage to rental vehicles in their possession. The measure also authorized rental companies to make available optional vehicle protection (also known as a "collision damage waiver") which entitles the purchaser to a waiver of claim by the vehicle rental company with regard to virtually any damage to the vehicle, regardless of fault. This law repealed a 1989 statute that made rental car companies responsible for all but the first $100 in damages to a rental vehicle, and prohibited the sale of collision damage waivers in New York.
Chapter 656 also included comprehensive consumer protection provisions, including measures designed to ensure that rental customers are aware that their automobile insurance policy may provide collision coverage while renting a vehicle.
The Chapter has had a distinctly positive impact on the rental car industry and, by extension, the New York economy, while at the same time adding important consumer protections. Concurrently, rental car options for consumers have improved significantly and rental rates in New York have stabilized, as was anticipated.
STATE OF NEW YORK ________________________________________________________________________ 4218 2013-2014 Regular Sessions IN SENATE March 14, 2013 ___________Introduced by Sens. ZELDIN, LARKIN, MARCHIONE, MAZIARZ, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend chapter 656 of the laws of 2002 amending the general business law relating to rental vehicle protections, in relation to extending the provisions of such chapter THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 4 of chapter 656 of the laws of 2002 amending the general business law relating to rental vehicle protections, as amended by chapter 14 of the laws of 2008, is amended to read as follows: S 4. This act shall take effect on the ninetieth day after it shall have become a law; provided that all of the amendments made by this act shall expire and be deemed repealed June 30,
2018. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09657-01-3