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HB18-1105

Motor And Powersports Vehicle License Requirement

Concerning the unlicensed sale of vehicles.
Session:
2018 Regular Session
Subjects:
Business & Economic Development
Transportation & Motor Vehicles
Bill Summary

Motor vehicle dealers - powersports vehicle dealers - auto dealer's license fund. Section 1 of the act clarifies that money received as fines for the following violations may be deposited in the auto dealers license fund:

  • Issuance of a bad check by a motor vehicle dealer; and
  • Failure to obtain any necessary license to be a motor vehicle dealer, manufacturer, distributor, wholesaler, manufacturer representative, used motor vehicle dealer, buyer agent, wholesale motor vehicle auction dealer, or motor vehicle salesperson.

Section 3 diverts half of the fine for failing to obtain a license to be a wholesaler, powersports vehicle dealer, used powersports vehicle dealer, powersports vehicle manufacturer, powersports vehicle distributor, or powersports vehicle manufacturer representative to the auto dealers license fund.

Section 2 exempts businesses that sell vehicles that meet the following criteria from the requirement that specified sellers of powersports vehicles be licensed:

  • The vehicle has been owned for more than one year;
  • The vehicle has been used exclusively for business purposes;
  • The vehicle is titled in the name of the business;
  • All taxes for the vehicle have been paid; and
  • The total number of vehicles sold by the business owner over a 2-year period does not exceed 20 vehicles.
    (Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/07/2018 Signed Act PDF
    03/06/2018 Final Act PDF
    02/27/2018 Rerevised PDF
    02/26/2018 Revised PDF
    02/08/2018 Reengrossed PDF
    02/07/2018 Engrossed PDF
    01/18/2018 Introduced PDF
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