Used Car Safety Recall Repair Act

The Used Car Safety Recall Repair Act would prohibit auto dealers from selling, leasing, or loaning used motor vehicles with open safety recalls to consumers unless the defect has been remedied. It defines a dealer as someone who sold at least five vehicles to non-resale buyers in the past year and requires manufacturers to reimburse dealers for holding vehicles awaiting repairs, at a rate of at least 1% of the vehicle’s fair market value per month, up to the vehicle’s full value. The bill includes limited exceptions, such as when recall information was not publicly available or the vehicle is sold wholesale or classified as a junk automobile. The Act would take effect one year after…

No official summary is available here. This one was written by AI from the bill’s text.