AB 365 — Revises provisions governing certain motor vehicle rentals. (BDR 43-695)

(ReprintedAssembly withBill amendmentsNo. adopted on May 10, 2019) SECOND REPRINT A.B.

365365–Assemblywoman ACohen SSEMBLYCHAPTER.......... B ILLN O.

365–A SSEMBLYWOMAN C OHEN M ARCH 20, 2019 ____________ Referred to Committee on Growth and Infrastructure SUMMARY—Revises provisions governing certain motor vehicle rentals.

(BDR 43-695) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Under existing law, a short-term lessor of vehicles may offer to a lessee, but 482.31565)must Such a lessor may not chargerequire, more than $22 per full or partial rentalS day for such a waiver, except that the maximumpurchase amountof is adjusted each fiscal year in an amount calculated based on a certainwaiver Consumerof Pricedamages Indexor foroptional theinsurance. preceding year.

Section(NRS 1day offor thissuch billa maintainswaiver, theexcept existingthat capthe ofmaximum $22,amount asis adjusted,adjusted foreach afiscal andyear addsin aan newamount capcalculated ofbased $150on for a vehiclecertain thatConsumer hasPrice aIndex manufacturer’sfor suggestedthe retailpreceding priceyear. of more than $60,000.

Section 1 alsoof providesthis forbill bothmaintains the amountexisting cap of the$22, chargeas andadjusted, thefor thresholda amountvehicle ofthat thehas a manufacturer’s suggested retail price toof benot adjustedmore eachthan fiscal$60,000, yearprice startingof onmore Julythan 1,$60,000. 2021, in an amount calculated based on the same Consumer Price Index for the preceding year.

Section 1 also provides for both the amount of theetail charge and the threshold amount of the manufacturer’s suggested retail price to be adjusted each fiscal year starting on July 1, 2021, in an amount calculated based on the same Consumer Price Index for the preceding year.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

A short-term lessor shall not require the purchase of a waiver of damages, optional insurance or any other - *AB365_R2* – 2 – optional good or service as a condition for the lease of a passenger car.

The Department - 80th Session (2019) – 2 – shall, on or before March 1 of each year, publish the adjusted amount for the next fiscal year on its website or otherwise make that information available to short-term lessors.

(b) If the vehicle has a manufacturer’s suggested retail price of more than $60,000, not more than $150 per full or partial rental day or 24-hour rental period, as appropriate, for the waiver.

TheTheal monetary amounts set forth in this paragraph must be adjusted for each fiscal year that begins on or after July 1, 2021, by adding to each amount the product of that amount multiplied by the percentage increase in the Consumer Price Index West Urban for All Urban Consumers (All Items) between the calendar year ending on December 31, 2017, and the calendar year immediately preceding the fiscal year for which the adjustment is made.

A short-term lessor shall not engage in any unfair, deceptive or coercive conduct to induce a short-term lessee to purchase a waiver of damages, optional insurance or any other optional good or service, including, but not limited to, refusing to honor the lessee’s reservation, limiting the availability of cars, requiring a deposit or debiting or blocking the lessee’s credit card account for a sum equivalent to a deposit if the lessee declines to purchase a waiver, optional insurance or any other optional good or service.service.e a waiver, Sec.

- *AB365_R2* – 3 – Sec.

H~~~~~ 19 - *AB365_R2*80th Session (2019)