Concerns Over Possible Return of Vicarious Liability

Automotive News - September 27, 2011

Auto lessors and lenders have been pro­tect­ed from vic­ar­i­ous lia­bil­i­ty by law since 2005, but there are con­cerns that the law could be over­turned. Vic­ar­i­ous lia­bil­i­ty allows a crash vic­tim to col­lect dam­ages from the own­er of a vehi­cle that has been rent­ed or leased. The Amer­i­can Finan­cial Ser­vices Asso­ci­a­tion is ask­ing the U.S. House Com­mit­tee on Trans­porta­tion and Infra­struc­ture not to over­turn the law pro­tect­ing auto leas­ing com­pa­nies.