The ABS modulator valve assembly (hydraulic unit) may develop a brake fluid leak. This can result in illumination of the ABS warning light and in certain cases, loss of braking ability.
Problems for specific Honda Accord years:
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Most reported 1996 Honda Accord problems
The Check Engine light may illuminate with a transmission fault code. The repair for this concern is to replace the Powertrain Control Module (PCM) and flush the transmission.