lemon law

Lemon Law OK ‘Major Win’ for Consumers – Sen. Bam

Senator Bam Aquino called President Aquino’s approval of the Philippine Lemon Law as a “major victory” for consumers as it provides them with much-needed protection against defective vehicles.

“We welcome its passage as it came during a time where owning a car is a necessity to keep up with the fast-paced society we live in,” said Aquino, the measure’s main sponsor at the Senate.

“The Lemon Law provides car owners with a blanket of protection for their hard-earned investments and sets consistent standards of quality and performance in the auto industry,” added Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

On Sunday, Malacanang announced the signing of Republic Act 10642 or An Act Strengthening Consumer Protection in the Purchase of Brand New Motor Vehicles.

The law mandates the return to consumer the full value of money if the motor vehicle that was bought would not be of standard and quality, 12 months or 20,000 kilometers from date of original delivery.

If the consumer remains unsatisfied with the efforts to the repair of the vehicle up to four times, the Department of Trade and Industry (DTI) will exercise exclusive and original jurisdiction over disputes.

In his sponsorship speech, Aquino stressed the urgent need to protect car buyers, now that motor vehicles are crucial in present time where mobility is needed for business transactions to thrive daily.

“We want to protect consumers who use cars every day. The quality of cars that they purchase should match the work they put to earn a living,” Aquino said.

Squeezed! Lemon Law Hurdles Bicam, Nears Enactment into Law

After years of waiting, a law that protects buyers from defective motor vehicles has finally been passed, Senator Bam Aquino announced.

The Senate has ratified the bicameral conference committee report on the Philippine Lemon Law of 2014 before the body’s sine die adjournment Wednesday.

After that, it will be transmitted to Malacanang for President Aquino’s approval.

Earlier, the bicameral conference committee adopted the House version of the Lemon Law, authored by Las Pinas Rep. Mark Villar.

“The passage of the Lemon Law is crucial since owning a vehicle is crucial in today’s fast-paced life, especially for businessmen and entrepreneurs,” said Aquino, sponsor of the consolidated bill filed by Senators Cynthia Villar and Jinggoy Estrada.

“Aside from consumer protection, the Lemon Law will provide consistent standards of quality and performance in the auto industry,” he added.

The law calls for the return to consumer the full value of money if the motor vehicle that was bought would not be of standard and quality, 12 months or 20,000 kilometers from date of original delivery.

If the consumer remains unsatisfied with the efforts to the repair of the vehicle up to four times, the Department of Trade and Industry (DTI) will exercise exclusive and original jurisdiction over disputes.

Bicam Approves Go Negosyo Act, Lemon Law

Go, go, go!

The Go Negosyo Act is now closer to becoming a law after it hurdled the bicameral conference committee.

Senator Bam Aquino, chairman of the Committee on Trade, Commerce and Entrepreneurship, and his House counterpart, Las Pinas Rep. Mark Villar, have adopted the Senate version of the Go Negosyo Act authored by Aquino.

On the last day of session, the Senate has ratified the bicameral conference committee report on the Go NegosyoAct. It will be transmitted to Malacanang for President Aquino’s approval.

“No amount of words will get the people’s trust back in the Senate,” Aquino said.

“If our countrymen would see that we have been working for them despite the scandals, maybe at some point, we would be able to gain their trust again.”

“With the imminent passage of the Go Negosyo Act into law, small businessmen – micro, small and medium enterprises (MSMEs) are given a much needed boost that will lead to job creation in different parts of the country,” Aquino said.

Aquino stressed the importance of the Go Negosyo Act, saying 66 percent of jobs in the labor force are generated by the MSME sector, which in turn comprises 99 percent of all enterprises in the Philippines.

“The Go Negosyo Act gives Filipinos – from a simple housewife to ordinary employee – a chance to establish their own business that will help sustain their everyday needs and for their families,” the senator said.

The Act mandates the creation of Pinoy Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country. These Pinoy Negosyo centers are meant to make it easier for entrepreneurs to register and start up their businesses, as well as gain access to sources of financing.

In addition, the Pinoy Negosyo Centers will provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

Meanwhile, the Philippine Lemon Law will provide protection against poorly manufactured cars and other motor vehicles.

The bicameral conference committee has adopted the House version of the Lemon Law, authored by Villar.

“The passage of this Act is timely since vehicles are crucial in present time where mobility is needed to thrive daily, especially for businessmen and entrepreneurs,” said Aquino.

Aside from consumer protection, Aquino expects that the Lemon Law will provide consistent standards of quality and performance in the auto industry.

When a motor vehicle has had a defect that cannot be repaired up to four times, the buyer can have the lemon car, or substandard vehicle, be replaced, or have their money back.  The Act is applicable to motor vehicles purchased only in the Philippines and within a year or 20,000 km, whichever comes first.

 

 

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