Senate Bill No. by Senator Wheat proposes the merger of the Louisiana Used Motor Vehicle Commission into the Louisiana Motor Vehicle Commission, aiming to streamline regulations governing both used and new motor vehicle sales. The bill includes various amendments and reenactments to existing statutes, introducing new definitions for terms such as "catalytic converter," "dismantler and parts recycler," and "rental consumer." It also increases the membership of the Louisiana Motor Vehicle Commission from eighteen to twenty-two, ensuring representation from various sectors, including used motor vehicle sales and automotive dismantling, to enhance regulatory oversight and promote fair competition.

Additionally, the bill establishes new educational requirements for initial applicants and licensees seeking renewal, mandating attendance at seminars with a curriculum set by the commission. It revises licensing requirements for vehicle-related businesses, expanding the categories that require licensing and emphasizing the need for insurance coverage and surety bonds. The legislation also outlines specific compliance measures, including the necessity for businesses to maintain a suitable office and provide proof of insurance, with immediate consequences for non-compliance. The transition of duties from the Louisiana Used Motor Vehicle Commission to the Louisiana Motor Vehicle Commission is set to be completed by January 1, 2025, with the bill becoming effective upon the governor's signature.

Statutes affected:
SB461 Original: 32:1252(20), 32:1253(A), 32:1253(A)(1), 32:1253(A)(2), 32:1254(A)(6), 32:1255(A)(2), 32:1261(A), 32:1261(A)(2), 32:1261(A)(3), 32:1261(A)(6), 32:1261(A)(7), 32:1252(36), 32:1261(B)