AB 2042, as amended, Levine. Vehicle Leasing Act: zero-emission vehicles: option to purchase.
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 violation of the act’s provisions a misdemeanor.
This bill would require a lease contract for the lease of a zero-emission vehicle that was counted by the manufacturerbegin delete towardsend deletebegin insert towardend insert 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 termbegin insert
and would prohibit the counting of a leased zero-emission vehicle from being counted toward meeting the requirements of the State Air Resources Board or toward the earning of zero-emission vehicle credits pursuant to those standards if the vehicle’s lease contract does not comply with the above-described provisionsend insert. The bill would exempt a violation of these requirements from the misdemeanor provision and make related changes.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 2986.55 is added to the Civil Code, to
2read:
(a) begin insert(1)end insertbegin insert end insertA lease contract for the lease of a
4zero-emission vehicle that was counted by the manufacturer
5begin delete towardsend deletebegin insert towardend insert meeting the requirements of the zero-emission
6vehicle standards of the State Air Resources Board shall contain
7the option for the lessee to purchase the vehicle at the end of the
8lease term.
9(2) If a
lease contract for a leased zero-emission vehicle does
10not comply with paragraph (1), that vehicle shall not be counted
11toward meeting the requirements of the zero-emission vehicle
12standards of the State Air Resources Board or toward the earning
13of zero-emission vehicle credits pursuant to those standards.
14(b) Section 2989.8 shall not apply to a violation of subdivision
15(a).
Section 2989.8 of the Civil Code is amended to read:
Except as otherwise provided in this chapter, a person
18who knowingly and willfully violates any provision of this chapter
19shall be guilty of a misdemeanor.
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