HB3269 Summary

• Establishes a $20 annual user fee on vehicles registered in the "Covered Area," collected by the Secretary of State when registration fees are paid, with exemptions for government, rental, antique, electric vehicles, and motorcycles.

• Creates licensing requirements for "Buy Here, Pay Here" used vehicle dealers who finance vehicle sales directly to customers, including 8-hour prelicensing education, $50,000 bond, and annual recovery fund fees based on vehicles sold.

• Requires remittance agent applicants to complete fingerprint background checks through the Department of State Police and complete 8 hours of prelicensing education, with exemptions for national franchises, banks, and credit unions.

• Adds new grounds for license denial or revocation, including violations of Articles 16-17 of the Criminal Code and conviction of forcible felonies within 10 years, and allows dealers to use special plates to transport sold vehicles by towing or driving.

• Expands record-keeping and inventory requirements for dealers to include Buy Here, Pay Here licensees and modifies the Dealer Recovery Trust Fund to include claims against Buy Here, Pay Here dealers.