Action Taken When the DTC Sets

WARNING: This page is about a different car, the 2003 Chevrolet Corvette. However, it is still accessible from the selected car via links, so may be relevant.

The PCM illuminates the malfunction indicator lamp (MIL) during the second consecutive trip in which the Conditions for Setting the DTC are met.
The PCM inhibits 4th gear if in hot mode.
The PCM freezes transmission adapt functions.
The PCM records the operating conditions when the Conditions for Setting the DTC are met. The PCM stores this information as Freeze Frame and Failure Records.
The PCM stores DTC P0742 in PCM history during the second consecutive trip in which the Conditions for Setting the DTC are met.