Federal Highway Bill Bans Vicarious Liability of Car Leasing Firms

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015100-federal-highway-bill-bans-vicarious-liabi/

When President George Bush signs the federal highway bill, New Yorkers will likely get a special bonus — the return of vehicle leasing, according to the car leasing industry.

The federal bill includes a ban on vicarious liability — the law that holds a leasing company liable for a driver’s negligence which has forced 20 automakers and every major retail bank in New York out of leasing.

The elimination of vicarious liability has long been an initiative of the Greater New York Automobile Dealers Association (GNYADA), and is expected to bring automakers back into the business of leasing vehicles in New York.

For this complete story, please visit Federal Highway Bill Bans Vicarious Liability of Car Leasing Firms.

Federal Highway Bill Bans Vicarious Liability of Car Leasing Firms

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About