The proposed bill, if enacted, would amend current statutes related to used motor vehicle dealers by introducing a mandatory education requirement for individuals applying for initial or renewal licenses. Specifically, it would require applicants to complete a course administered by a dealer-specific association with at least five years of presence in the state, covering relevant regulations and including a minimum of six hours of instruction. The bill also exempts certain dealers, such as new franchise dealers and those licensed before December 31, 2023, from this requirement unless they seek a new license type or change business locations. Additionally, the bill mandates that applications for dealer licenses include a signed form defining "curbstoning" and outlining penalties for unlicensed operations.

Furthermore, the bill appropriates $250,000 from the Motor Vehicle Dealer Enforcement Fund for investigation activities related to unlicensed dealers and specifies that the fund will be used for operational expenses to enhance enforcement and expand resources for licensing compliance. It also removes the requirement for fund monies to be subject to legislative appropriations, ensuring that the funds can be utilized directly for enforcement activities. The act is designated as an emergency measure, allowing it to take effect immediately upon the Governor's signature.

Statutes affected:
Introduced Version: 28-4361, 28-4504, 28-4302, 28-4499, 28-4500, 28-4501, 28-4502, 41-1750, 92-544, 28-4365