§437-31.5 New or used motor vehicle sales and lease contracts. Regardless of whether or not the buyer has taken possession of the motor vehicle, a new or used motor vehicle purchase or lease agreement by a salesperson or dealer shall be void if the agreement is contingent upon the financing of the purchase and, pursuant to the financing or credit application signed at the time of purchase, the buyer is unable to qualify. [L 1999, c 216, §1]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
437. Motor Vehicle Industry Licensing Act
437-1 Legislative findings and declaration.
437-2.5 REPEALED. L 1996, c 264, §15.
437-3 Prohibited acts for dealer or auction.
437-6 Powers and duties of the board.
437-7 Application for issuance or renewal of license.
437-11 Additional requirements for dealer's and auction's license.
437-12 Legal ownership certificates.
437-14 Delivery of contract required.
437-15 Principals held responsible.
437-24 Licenses terminate, when.
437-26 License not transferable; other requirements.
437-27 Change of status, notice.
437-27.5 Requirements to maintain license.
437-28 Suspension; revocation; fine; denial of issuance or renewal of a license.
437-29 Discretionary powers of board.
437-31.5 New or used motor vehicle sales and lease contracts.
437-32 Credit sale contracts; agreements concerning, unlawful.
437-33 Coercion by manufacturer or distributor unlawful.
437-34 Credit sale contracts, when purchase of unlawful.
437-37 Credit sale contract violations; penalty.
437-37.5 Cumulative penalties.
437-40 Information in applications, confidential; penalty for divulging.
437-41 Liberal interpretation.
437-42 Sections 445-171 and 445-172 not to apply.
437-53 Sale, assignment, or transfer of franchise to qualified purchaser.
437-54 Transfer of franchise to successor who is not a qualified purchaser.
437-55 Establishment or relocation of franchise within relevant market area.
437-56 Reimbursement for parts.
437-57 Warranty and incentive audits.
437-58 Cancellation or failure to renew franchise agreement.