Magnuson-moss Warranty Act For Dummies
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FAQ
Requirements of the Magnuson-Moss Act Warrantors must designate or title a written warranty as either "full" or "limited". Warrantors must state certain information about the coverage of the warranty in a single, clear, and easily readable document.
If a consumer pursues a remedy for a breach of warranty under the Magnuson-Moss Act, they may hire an attorney, file a complaint and pursue legal action against a warrantor. Reasonable attorney fees and court costs may be recovered under the act if the consumer or plaintiff prevails.
How Does the Magnuson-Moss Warranty Act Protect Consumers? The Magnuson-Moss Warranty Act protects consumers by making it easier to file breach of warranty claims after purchasing ?lemons.? Most importantly, the Act allows consumers to recover attorneys' fees, court costs, and other expenses when they prevail.
A warranty is a guarantee issued by a seller to a buyer that a product will meet certain specifications. If the product does not meet those specifications, the buyer can ask the manufacturer or seller to correct the problem.
The Act directs the Commission to establish disclosure standards for written warranties, specifies standards for ?full? warranties, limits disclaimer of implied warranties, and establishes consumer remedies for breach of warranty or service contract obligations.