What is a 'lemon' anyway? Here's how a proposed 'lemon law' can help you

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 86%

Malaysia Laws News

Lemon Law,Cars,Vehicles

Malaysia is proposing a so-called “lemon law” that would provide vehicle buyers in the country more protection against faulty purchase, up to and including a full refund for...

No Euro 2024 matches last night, so here’s when the quarter-finals are coming and which nations will face each otherA file photo shows a general view of a workshop in Ipoh. Malaysia is proposing a so-called ‘lemon law’ that would provide vehicle buyers in the country more protection against faulty purchase, up to and including a full refund for cars falling below an acceptable standard of quality.

For example, the Consumer Protection Act lets consumers seek redress for defective products up to full refunds, but its Tribunal for Consumer Claims can only hear matters up to RM50,000 that is lower than most new cars today.On June 4, the ministry reportedly said it is aiming to introduce a Bill for such a law next March, and that an ongoing feasibility study would be complete in September.

The second is to get Bank Negara Malaysia’s cooperation in securing consent letters from banks for buyers to make claims either in the Tribunal for Consumer Claims or court.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LAW

Law Law Latest News, Law Law Headlines