SB305 Summary

• Establishes a uniform motor vehicle dealer license for all new and used vehicle dealers, wholesalers, and rebuilders, consolidating existing license categories and requiring a single application fee of $25 instead of multiple fees.

• Reduces the time required to obtain an off-site sales event license from 14 days to 1 day prior to the event and allows up to three off-site sales per dealer per license year lasting no more than 10 consecutive days each.

• Increases the surety bond requirement from $25,000 (new dealers) and $10,000 (other dealers) to a uniform $50,000 for all licensees and eliminates the separate designated agent surety bond requirement.

• Establishes prerequisites for obtaining dealer and motorcycle dealer license plates, limiting new motor vehicle dealers to 25 combined plates and used motor vehicle dealers to 10 combined plates, with additional plates available for high-volume dealers completing 1,500+ title transfers annually.

• Increases penalties for violations, including $100-$500 civil penalties for misuse of dealer license plates, $1,000 civil penalties for false statements on applications, and maintains Class A misdemeanor criminal penalties for violations.