Loading chat...
AL HB448
Bill
Status
Introduced
4/5/2011
Primary Sponsor
Mike Hill
Click for details
AI Summary
HB448 Summary
-
Amends Section 40-12-390 of the Code of Alabama 1975 to modify the definition of "used motor vehicle dealer"
-
Adds credit unions and licensees of the State Banking Department to the list of entities exempted from used motor vehicle dealer licensing requirements
-
Maintains existing exemptions for banks, finance companies, and motor vehicle rental and leasing companies that acquire vehicles incidental to their regular business
-
Takes effect immediately upon passage and approval by the Governor
Legislative Description
Used motor vehicle dealer, licensing of, definition to include credit unions and licensees of State Banking Department, Sec. 40-12-390 am'd.
Motor Vehicles
Last Action
Indefinitely Postponed
6/1/2011
Committee Referrals
Financial Services4/5/2011
Full Bill Text
No bill text available