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Federal Lemon Law
The Federal Lemon Law is also known as the Magnuson-Moss Warranty Act. This law is designed to provide compensation to consumers who purchase defective automobiles, trucks, motorcycles, RV’s, boats and other recreational vehicles, computers, consumer appliances, and other products. In order for a consumer to qualify under the federal lemon law you must have a product that has undergone multiple repair attempts under the factory warranty and still be defective. A compensation under this law may be a replacement of the item, a refund, or a cash compensation. There are certain rules that govern the contents of a warranty are thoroughly defined under the federal lemon law in many ways. The following terms and conditions should be laid out in a warranty to protect the consumer.
Names and addresses of all warrantors. Names of the person or persons the warranty is extended to The specific parts or products covered Details clearly defined what the warrantor will do in the event of a defect or a malfunction at whose expense and the period of time the warranty is in effect for. The expenses and the actions the consumer will be responsible for All of the steps the consumer must take to initiate the performance of the obligation of the warranty. Informal dispute procedures in case there is a dispute which should be able to resolve the issue to prevent legal remedies in the court systems All of the legal remedies available to the consumer should be defined The point in time the warrantor must perform the obligations of the warranty
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