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OK HB2624
Bill
Status
4/21/2016
Primary Sponsor
Ron Justice
Click for details
AI Summary
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Sellers transferring vehicles to scrap metal dealers must present the title or a certificate of ownership form approved by the Oklahoma Tax Commission (available through the Tax Commission or motor license agents), replacing the previous requirement of a "verified bill of sale" or "other proof of ownership"
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Vehicles sold to scrap metal dealers can now be transferred using the certificate of ownership form when the original title is lost, canceled, or unavailable, provided the vehicle is more than 10 model years old and not roadworthy
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The certificate of ownership form must include buyer and seller names/addresses, seller's driver license or social security number, vehicle make/model, and vehicle identification number
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Sellers must submit a copy of the certificate to the Tax Commission or motor license agent within 30 days with a $4.00 fee ($1.00 retained by agent, $3.00 to Tax Commission Reimbursement Fund)
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Effective date: November 1, 2016
Legislative Description
Scrap metal dealers; modifying information required to sell vehicle to scrap metal dealer; modifying transfer of title for certain vehicles; effective date.
Last Action
Approved by Governor 04/21/2016
4/21/2016