Legislation Endorsed by MVPPA Creates Regulatory Certainty


SAN JUAN, Puerto Rico, Oct. 01, 2020 (GLOBE NEWSWIRE) — Recently handed laws in Puerto Rico affords further regulatory certainty. The laws updates current language to outline “vehicle protection products” and the way they’re regulated below federal legislation. The legislation requires producers and sellers of shopper merchandise to offer customers with detailed details about guarantee protection earlier than and after the sale of a warranted product.

“Our association continues to push for legislation that protects consumers and their purchases. We are proud to be a part of legislation that moves our industry forward and helps educate others,” stated Tim Meenan, government director of MVPPA. “We applaud the lawmakers who helped move this legislation forward. By working closely with government officials, MVPPA can ensure those who need it can depend on their service contract.”

This new legislation additionally defines incidental prices and extra car safety protection to offer readability to customers throughout the buying course of.

ABOUT MVPPA: The Motor Vehicle Protection Products Association (MVPPA) works to authorize the sale of stand-alone car safety merchandise and cross laws all through the U.S. It is a commerce affiliation for suppliers, sellers, and underwriters of motorized vehicle safety merchandise. Learn extra at www.mvppa.org.

Kiana Montgomery,
(850) 222-1996

Source link


Please enter your comment!
Please enter your name here