NC S343

Allows vehicle dealers to deliver a vehicle to a purchaser conditionally, with the dealer's obligation to execute the manufacturer's certificate of origin or title conditioned on the purchaser obtaining financing for the purchase.

Requires dealer's insurance policy to cover liability, collision, and comprehensive insurance on conditionally delivered vehicles until financing is approved and title documents are executed.

Mandates dealers notify the purchaser and their insurance agency or insurer on the day of financing approval and title execution, or the next business day if the insurance agency is closed.

Makes purchasers solely responsible for obtaining and paying for insurance on the purchased vehicle, with dealers not liable if the purchaser fails to obtain insurance coverage.

Becomes effective upon enactment.