HB1747 Summary

• Amends the definition of "permanent place of business" to clarify it means a fixed premises owned or leased by a person (rather than the dealer) for at least one year in Arkansas.

• Revises penalty structure: violations involving property valued at $500 or less are Class A misdemeanors; violations exceeding $500 are Class D felonies (replacing previous fine and imprisonment amounts).

• Requires dealers to register with local law enforcement at least 24 hours before conducting business, with registration including detailed information about owners, officers, and a designated registered agent for service of process.

• Expands registration requirements for nonresident applicants to include photographs of purchased items, seller identification, disclosures, records, and holding period documentation as required by other statutory sections.

• Repeals the provision requiring fees collected under this chapter to be deposited in the Department of Arkansas State Police Fund.