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Edward,
Anytime there is a problem with the brakes, take the car to a certified mechanic or the dealer. If the braking system fails, it could be very serious. Now, since the light goes on when braking and off when not, I would think that the ABS pump is damaged. If it was a sensor, then the light would always be on.
Good Luck!
Drive Safely!
Bob, The Auto Answer Man
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