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OK SB1651
Bill
AI Summary
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Requires motor vehicle dealers to provide purchasers with documentation necessary for vehicle registration and excise tax payment within 10 business days of purchase or official notary date, whichever is later.
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Makes selling dealers liable to reimburse purchasers for delinquent registration penalties and excise tax penalties if documentation is not provided within the 10 business day deadline.
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Requires dealers to issue temporary license plates and ensures temporary documentation is valid for 30 days from purchase date for used vehicles and allows 2-day validity for auction purchases.
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Specifies that notary dates on documents cannot exceed 30 days after the actual purchase date and delivery is complete when documents are delivered in person or mailed by certified mail.
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Becomes effective November 1, 2010.
Legislative Description
Motor vehicles and revenue and taxation; requiring motor vehicle dealers to provide specified documentation to purchaser within certain time period; making dealer liable for certain penalty under specified circumstances. Effective date.
Motor Vehicles and Transportation
Last Action
Second Reading referred to Appropriations and Budget
3/16/2010