The proposed bill, if enacted, would amend current statutes regarding used motor vehicle dealers by introducing a mandatory education requirement for individuals applying for initial or renewal licenses. Specifically, applicants would need 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. Certain exemptions would apply, such as for new franchise dealers and those licensed before December 31, 2023, unless they seek a new license type or change locations. Additionally, the bill would require a verified application to include a signed form defining "curbstoning" and outlining penalties for unlicensed dealer activities.

Furthermore, the bill appropriates $250,000 from the Motor Vehicle Dealer Enforcement Fund for investigation activities related to unlicensed dealers in fiscal year 2025. It also modifies the use of the Fund, ensuring it is allocated for operational expenses to enhance enforcement activities and expand resources for licensing enforcement. Notably, the bill removes the requirement for Fund monies to be subject to legislative appropriations, thereby providing more flexibility in its use. 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