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OK SB1651

Bill

Status

Engrossed

3/8/2010

Primary Sponsor

Gary Banz

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Appropriations and Budget3/16/2010
Finance2/2/2010

Full Bill Text

No bill text available