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 begin insertknowing and willful end insertviolation of the act’s provisions a misdemeanor.
This bill wouldbegin delete requireend deletebegin insert authorizeend insert 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 leasebegin delete term 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 provisions.end deletebegin insert term.end insert The bill wouldbegin delete exemptend deletebegin insert provide that, except as specified,end insert abegin insert knowing and willfulend insert violation ofbegin delete these requirements fromend delete
thebegin insert act is aend insert misdemeanorbegin delete provision and make related changesend delete.
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:
begin delete(a)end deletebegin delete end deletebegin delete(1)end deletebegin delete end deleteA lease contract for the lease of a
4zero-emission vehicle that was counted by the manufacturer toward
5meeting the requirements of the zero-emission vehicle standards
6of the State Air Resources Boardbegin delete shallend deletebegin insert mayend insert contain the option for
7the lessee to purchase the vehicle at the end of the lease term.
8(2) If a
lease contract for a leased zero-emission vehicle does
9not comply with paragraph (1), that vehicle shall not be counted
10toward meeting the requirements of the zero-emission vehicle
11standards of the State Air Resources Board or toward the earning
12of zero-emission vehicle credits pursuant to those standards.
13(b) Section 2989.8 shall not apply to a violation of subdivision
14(a).
Section 2989.8 of the Civil Code is amended to read:
Except as otherwise provided in this chapter, a person
17who knowingly and willfully violates any provision of this chapter
18shall be guilty of a misdemeanor.
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