Senator Aquino said the Senate ratified the bicameral conference committee report on the Philippine Lemon Law of 2014 before the body's sine die adjournment on Wednesday.
After that, it is to 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 essential in today's fast-paced life, especially for businessmen and entrepreneurs,” said Aquino, sponsor of the consolidated bill filed by Senators Cynthia Villar and JV Ejercito.
"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 the consumer of the full value of money if the motor vehicle that was bought does not turn out to be up to standard and expected quality, 12 months or 20,000 kilometers from date of original delivery.
If the consumer remains unsatisfied with the efforts to repair the vehicle up to four times, the Department of Trade and Industry (DTI) will exercise exclusive and original jurisdiction over disputes.
source: interaksyon.com
