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OK HB2226
Bill
Status
2/2/2015
Primary Sponsor
Randon Grau
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AI Summary
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Exempts vehicle transfers from insurers resulting from total loss claim settlements from the requirement for notarized signatures on certificate of title endorsements.
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Requires non-dealer and non-charitable organization purchasers to present assigned certificate of title to Oklahoma Tax Commission or motor license agents within 30 days, accompanied by an $11.00 fee and any applicable excise tax or license fees.
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Defines "charitable organization" as any entity exempt from taxation under Internal Revenue Code Section 501(c)(3) and registered with the Oklahoma Secretary of State and Attorney General's office, and requires such organizations to receive training from the Oklahoma Used Motor Vehicle and Parts Commission.
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Establishes penalties for violations: first conviction up to $500 fine with vehicle impoundment until taxes and fees are paid; second or subsequent conviction up to $1,000 fine with impoundment.
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Effective date: November 1, 2015.
Legislative Description
Motor vehicles; transfer of ownership; exempting from notary public acknowledgment; effective date.
Motor Vehicles and Transportation
Last Action
Second Reading referred to Rules
2/3/2015