Senate Bill 385 Summary

• Sales representative applicants may engage in activities while applications are pending if actively supervised by a licensed dealer and certify they have not been previously denied a license or convicted of a felony.

• Motor vehicle dealers are not liable for errors, omissions, or inaccuracies in third-party vehicle history reports unless the dealer provided the information directly to the report preparer.

• Dealers may offer up to $250 per customer referral and receive up to five referral payments per calendar year without violating dealer arrangement restrictions.

• Dealers that do not market or extend loans covered by the Military Lending Act to covered borrowers are not in violation of law for offering such loans to other customers.

• Dealers may transfer vehicle titles using sworn certifications when manufacturer statements of origin or certificates of title are unavailable, with liquidated damages of up to $1,000 (5% of purchase price) owed to buyers if the title is not delivered to the Division within 60 days.