| | Title Registration || Consumer Leasing || Auto Industry || Federal
Rules || Other | |
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| Proof of ownership of vehicles in the United States is
determined by state laws. In most states, a certificate of title is required for the
transfer of any motor vehicle, and for the creation of any lien. These laws vary by state,
and are listed in LAWDOG® State Laws. |
| However, certain Federal laws are also important in the
automobile industry. |
| U.S. Department Of
Transportation |
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| Imported motor vehicles are subject to safety standards under
the Motor Vehicle Safety Act of 1966, revised under the Imported Vehicle Safety Compliance
Act of 1988; to bumper standards under the Motor Vehicle Information and Cost Savings Act
of 1972, which became effective in 1978; and to air pollution control standards under the
Clean Air Act of 1968, as amended in 1977 and 1990. |
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| Under the federal Consumer Leasing Act, consumers must be
given information about costs and terms of a vehicle lease for comparison purposes. See Consumer Leasing Act Keys To
Vehicle Leasing. This Federal Reserve Board consumer guide
illustrates a closed-end lease, the most common type of vehicle lease. With a closed-end
lease, the consumer returns the vehicle at end of the lease term, pays any end-of-lease
costs, and walks away. A sample leasing form in the Fed guide shows the types of
information the dealer or leasing company must provide to a consumer before presenting
lease for signing. "Leasing language" supplies definitions of terms associated
with vehicle leasing. |
| A copy of the Federal Consumer Leasing Act from Legal
Information Institute |
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| Copyright © 1996-2000 by
LAWDOG.COM Publishing, Inc. |
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