BILL NUMBER: AB 1534	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Wieckowski

                        JANUARY 24, 2012

   An act to add Chapter 5 (commencing with Section 10000) to
Division 3.6 of the Vehicle Code, relating to used vehicle sales.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1534, as introduced, Wieckowski. Vehicles: used vehicle sales:
labeling requirements.
   Existing law regulates the accuracy of information provided to
consumers during vehicle sales, including the information contained
in advertising, brochures, and manuals, as specified. Existing law
also requires manufacturers, as specified, to disclose certain
information regarding a vehicle's engine, as specified, by affixing a
label on the vehicle. Violation of these provisions is an
infraction.
   This bill would require every dealer, on or after January 1, 2013,
to affix a prominent label to every used vehicle that states the
reasonable market value of that vehicle, as defined. This bill would
require the label to disclose, among other things, the vehicle
valuation entity used to determine the vehicle's reasonable market
value and the date the value was determined. By expanding the
definition of crimes relating to vehicle sales, this bill would
impose a state-mandated local program.
   The California Constitution requires the state to reimburse local
agencies and school districts for certain costs mandated by the
state. Statutory provisions establish procedures for making that
reimbursement.
   This bill would provide that no reimbursement is required by this
act for a specified reason.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: yes.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Chapter 5 (commencing with Section 10000) is added to
Division 3.6 of the Vehicle Code, to read:
      CHAPTER 5.  DISCLOSURE OF MARKET VALUE OF USED VEHICLES


   10000.  (a) Every dealer, on or after January 1, 2013, shall affix
a prominent label on every used vehicle being offered for sale that
states the reasonable market value of that vehicle. A valid label
under this section shall meet all of the following conditions:
   (1) Be in writing.
   (2) Be printed with a heading that reads "REASONABLE MARKET VALUE
OF THIS VEHICLE" in at least 16-point bold type and text in at least
12-point type.
   (3) Be located adjacent to the window sticker identifying the
equipment provided with the vehicle or, if none, it shall be located
prominently and conspicuously on the vehicle in such a fashion that
it is readily readable.
   (4) Contain the information used to determine the reasonable
market value of the vehicle, including, but not limited to, the
vehicle valuation entity used to determine the reasonable market
value.
   (5) Contain the date the reasonable market value was determined.
   (b) For purposes of this section, "reasonable market value" means
the average retail value of a used vehicle based on the condition,
mileage, year, make, and model of the vehicle, as determined within
the last 30 days by a vehicle valuation entity that provides vehicle
value guides or vehicle pricing reports to the public.
  SEC. 2.  No reimbursement is required by this act pursuant to
Section 6 of Article XIII B of the California Constitution because
the only costs that may be incurred by a local agency or school
district will be incurred because this act creates a new crime or
infraction, eliminates a crime or infraction, or changes the penalty
for a crime or infraction, within the meaning of Section 17556 of the
Government Code, or changes the definition of a crime within the
meaning of Section 6 of Article XIII B of the California
Constitution.