Action Taken When the DTC Sets

WARNING: This page is about a different car, the 2003 GMC Sierra, 2003 GMC Cab & Chassis Sierra, 2003 Chevrolet Silverado, and 2003 Chevrolet Cab & Chassis Silverado. However, it is still accessible from the selected car via links, so may be relevant.

The PCM does not illuminate the malfunction indicator lamp (MIL).
The PCM disables the PC solenoid valve, defaulting the transmission to maximum line pressure.
The PCM freezes shift adapts.
The PCM records the operating conditions when the Conditions for Setting the DTC are met. The PCM stores this information as Failure Records.
The PCM stores DTC P0748 in PCM history.