An Act To Amend the Laws on Extended Warranties for Used Cars To Make Terms of Coverage Transparent
Sec. 1. 10 MRSA §1474, sub-§3, ¶B, as repealed and replaced by PL 1981, c. 470, Pt. A, §29, is amended to read:
(1) The date or number of days or on which the additional warranty begins and terminates, as well as the mileage at which the warranty will terminate , either handwritten or printed on the statement by the dealer;
(2) The parts or systems of the vehicle that are warranted against mechanical defects, or the parts or systems of the vehicle excluded from the warranty; and
(3) A statement of what the dealer will do in the event of a mechanical defect and at whose expense.
summary
This bill makes changes to the laws governing extended warranties for used cars to require that dealers disclose in the written statement the date on which the extended warranty begins and terminates, and that this information be either handwritten or printed on the statement by the dealer.