HB400 Summary

• Requires a uniform motor vehicle dealer license for all dealers except those selling only utility trailers or non-titled trailers, eliminating the need for multiple license categories for new and used vehicle dealers.

• Reduces the time period to obtain an off-site sales event license from 14 days to at least one calendar day before conducting the sale.

• Standardizes surety bond requirements at $25,000 for all licensees and eliminates the separate designated agent surety bond requirement.

• Increases application fees from $10 to $25 for motor vehicle dealer licenses and establishes prerequisites for obtaining dealer and motorcycle dealer license plates.

• Establishes penalties including $100 for first violations and $500 for subsequent violations of dealer plate misuse, and Class A misdemeanor charges for willful misstatements to obtain license plates.