Loading chat...

IN SB0030

Bill

Official Source

Status

Introduced

1/6/2015

Primary Sponsor

Dennis Kruse

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Increases civil penalties for vehicle dealers who fail to deliver certificates of title within 21 days of sale or transfer from $100/$250/$500 to $1,000/$1,500/$2,000 per calendar year violation
  • First violation penalty increases to $1,000, second violation to $1,500, and all subsequent violations to $2,000 in a calendar year
  • Penalties apply to licensed dealers unable to deliver titles at time of sale when providing required affidavits to purchasers
  • Penalties are deposited into the dealer enforcement account under IC 9-32-7-2
  • Effective date is July 1, 2015

Legislative Description

Certificates of title and motor vehicle dealers. Provides that a vehicle dealer that fails to deliver a certificate of title to the purchaser or transferee within 21 days after the date of sale or transfer is subject to the following civil penalties: (1) $1,000 for the first violation in a calendar year. (2) $1,500 for the second violation in a calendar year. (3) $2,000 for all subsequent violations in a calendar year. (Current law provides for civil penalties of $100, $250, and $500.)

Last Action

First Reading: referred to Committee on Civil Law

1/6/2015

Committee Referrals

Civil Law1/6/2015

Full Bill Text

No bill text available