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OK HB2624

Bill

Status

Passed

4/21/2016

Primary Sponsor

Ron Justice

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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"

  • 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

  • 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

  • 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)

  • 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

Committee Referrals

Finance3/28/2016
Agriculture and Rural Development3/10/2016
Business, Labor, and Retirement Laws2/2/2016

Full Bill Text

No bill text available