LD 1117
pg. 2
Page 1 of 2 An Act Concerning Motor Vehicle Dealer Sale Practices LD 1117 Title Page
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LR 726
Item 1

 
from the lender in return for arranging the financing. A dealer
who fails to comply commits an unfair trade practice.

 
This bill also restricts the practice of dealers who,
following the sale of a motor vehicle, contact the buyer to
inform the buyer that the dealer has decided to cancel the
contract and require the buyer to return the vehicle. If a
dealer engages in this practice, the dealer must reimburse the
buyer the total purchase price of the vehicle, including any
money given for a trade-in. This requirement does not apply to a
dealer who cancels the contract due to a material
misrepresentation by the buyer. A dealer who fails to comply
commits an unfair trade practice.


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