Committee adopts technical amendment, advances vehicle financing disclosure bill to Senate floor
The Senate Committee on Labor and Business adopted a technical amendment and advanced House Bill 3,178 A to the Senate floor with a due‑pass recommendation; the bill would require sellers in motor‑vehicle retail installment or lease transactions to provide a disclosure including a 10‑day void right and contact information for enforcement.
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During the committee’s work session the Senate considered House Bill 3,178 A (sponsored by Senator Taylor and Representative Sosa). Committee staff summarized the measure: it requires a seller in a motor‑vehicle retail installment contract or lease to provide a disclosure document that includes a buyer’s right to void the transaction within 10 calendar days unless specified circumstances apply, contact information for the Oregon State Bar and Department of Justice if the seller fails to comply, and a statement that the document is available in multiple languages.
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