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Enrolled House Bill (H)

Authored by

DIGEST

Dealer services division. Requires certain definitions to be used in the dealer services law. Includes: (1) flood damage affidavits; (2) title affidavits; (3) interim plates generated in error; and (4) copies of rebuilt vehicle disclosures; as records for purposes of the dealer services law. Requires a motor vehicle or watercraft dealer to identify in a title affidavit whether a lien exists on the motor vehicle or watercraft and the date any obligation must be satisfied. Provides that a dealer may provide an interim plate when the dealer: (1) sells or leases a motor vehicle; or (2) allows a purchaser to Dealer services division. Requires certain definitions to be used in the dealer services law. Includes: (1) flood damage affidavits; (2) title affidavits; (3) interim plates generated in error; and (4) copies of rebuilt vehicle disclosures; as records for purposes of the dealer services law. Requires a motor vehicle or watercraft dealer to identify in a title affidavit whether a lien exists on the motor vehicle or watercraft and the date any obligation must be satisfied. Provides that a dealer may provide an interim plate when the dealer: (1) sells or leases a motor vehicle; or (2) allows a purchaser to take delivery prior to the finalization of financing; whichever occurs first. Specifies that only certain persons engaged in the business of buying, selling, or manufacturing motor vehicles are eligible for a dealer license. Provides that a dealer must keep certain documents related to a sale of a motor vehicle or watercraft. Requires a dealer to be in good standing with the department of financial institutions. Makes conforming changes. Makes technical changes. ... View more