SF3250 Summary

• Modifies unfair practices by manufacturers and distributors under section 80E.13, adding prohibitions on chargebacks or withheld payments due to vehicle exports or unreasonable state registration delays (expires June 30, 2021).

• Allows licensed dealers to individually determine vehicle base value using manufacturer's suggested retail price for tax classification purposes, with documentation retained in transaction records.

• Permits single legal entities holding multiple dealer licenses to hold and offer vehicles at any licensed location without transferring ownership or title between licensees.

• Establishes a Motor Vehicle Title Transfer and Registration Advisory Committee with 13 members representing legislators, deputy registrars, auto dealers, and auctions, meeting at least twice yearly to advise on vehicle registration systems and reforms (expires June 30, 2021).

• Authorizes deputy registrars to issue vehicle title certificates and establishes standards for electronic transmission software providers; requires the registrar to designate staff liaison for dealer inquiries regarding titling and registration.