Amended
IN
Senate
June 09, 2014 |
Amended
IN
Assembly
May 23, 2014 |
Amended
IN
Assembly
April 21, 2014 |
Amended
IN
Assembly
March 27, 2014 |
Introduced by Assembly Member Levine |
February 20, 2014 |
Existing law, the Vehicle Leasing Act, specifies requirements for contracts for leases of motor vehicles, including the requirement that the contract contain prescribed information regarding the motor vehicle and the terms of the lease. Existing law makes a knowing and willful violation of the act’s provisions a misdemeanor.
This bill would authorize a lease contract for the lease of a zero-emission vehicle that was counted by the manufacturer toward meeting the requirements of the State Air Resources Board to contain
the option for the lessee to purchase the vehicle at the end of the lease term. The bill would provide that, except as specified, a knowing and willful violation of
the act is a misdemeanor.
A lease contract for the lease of a zero-emission vehicle that was counted by the manufacturer toward meeting the requirements of the zero-emission vehicle standards of the State Air Resources Board may contain the option for the lessee to purchase the vehicle at the end of the lease term.
Except as otherwise provided in this chapter, a person who knowingly and willfully violates any provision of this chapter shall be guilty of a misdemeanor.