House Bill No. [insert bill number] seeks to amend and consolidate various sections of the Louisiana Revised Statutes concerning the Louisiana Motor Vehicle Commission by repealing the Louisiana Used Motor Vehicle Commission and transferring its responsibilities to the existing commission. The bill introduces new definitions and clarifications regarding the roles of motor vehicle dealers, brokers, distributors, and lessors, while expanding the commission's membership from eighteen to thirty members, including representatives from independent used motor vehicle dealers and consumers. Key provisions include the establishment of a minimum one-year term for franchise agreements, enhanced regulatory clarity, and the authority for the commission to conduct hearings on disputes involving manufacturers and dealers.

Additionally, the bill outlines strict licensing requirements for independent used motor vehicle dealers, including the need for a bond and educational seminars, while also addressing the rights of existing dealerships to protest new franchises in their territory. It introduces new provisions for rental-to-own agreements, mandates clear disclosures for transactions involving down payments, and establishes penalties for non-compliance. The bill aims to enhance consumer protection, promote fair competition, and ensure a streamlined regulatory framework for the motor vehicle industry in Louisiana, while also modernizing the legal language and operational requirements for various entities involved in the sale and processing of motor vehicles.

Statutes affected:
HB623 Original: 36:1(C)(13), 37:1892(3), 37:1893(C)(4), 32:1252(9)