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UT HB0305
Bill
Status
Failed
3/6/2026
Primary Sponsor
Tiara Auxier
Click for details
AI Summary
- Increases the required surety bond for used motor vehicle dealer licenses from $75,000 to $200,000
- Maintains existing bond amounts for other license types: $75,000 for new motor vehicle dealers, $75,000 for special equipment dealers, $10,000 for motorcycle/off-highway vehicle/small trailer dealers, and $20,000 for body shops
- Requires claimants to file written claims with the administrator within one year and commence legal action within two years
- Takes effect on May 6, 2026
Legislative Description
Motor Vehicle Dealer Amendments
Motor Vehicles
Last Action
House/ filed in House file for bills not passed
3/6/2026
Committee Referrals
Rules1/22/2026
Full Bill Text
No bill text available