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Tuesday, July 7, 2026

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VA · HB1386FINAL · 2 COSPONSORS

Motor Vehicle Transaction Recovery Fund; recovery for breach of extended service contracts.

Where it is in the process
Plain-English Summary

Motor Vehicle Transaction Recovery Fund; recovery for breach of extended service contracts. Authorizes any person who is awarded a final judgment in a court of competent jurisdiction in the Commonwealth for any loss or damage resulting from a breach of an extended service contract for a motor vehicle to recover the unpaid amount on the judgment from the Motor Vehicle Transaction Recovery Fund, subject to certain limitations.

Source: OpenStates · fetched April 13, 2026

Who it affects
W-2 worker (non-union)

Can recover unpaid judgment amounts from the Motor Vehicle Transaction Recovery Fund for breaches of extended service contracts.

AI-extracted
Who This AffectsAI analysis
  • W-2 worker (non-union)directModerate impactHigh certainty

    Can recover unpaid judgment amounts from the Motor Vehicle Transaction Recovery Fund for breaches of extended service contracts.

    “Authorizes any person who is awarded a final judgment in a court of competent jurisdiction in the Commonwealth for any loss or damage resulting from a breach of an extended service contract for a motor vehicle to recover the unpaid amount on the judgment from the Motor Vehicle Transaction Recovery Fund, subject to certain limitations.”· Motor Vehicle Transaction Recovery Fund; recovery for breach of extended service contracts.
What the Bill Does
  • Authorizes recovery from the Motor Vehicle Transaction Recovery Fund for losses due to breach of extended service contracts.
  • Recovery is subject to limitations and requires a final judgment from a court.
  • Applies to extended service contracts for motor vehicles.
Votes
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