Senate Bill No. 529 amends the Oklahoma statutes to expand the regulatory authority of the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission to include used powersports vehicle dealers. The bill introduces new definitions for "used powersports vehicle" and "used powersports vehicle dealer," establishing licensing requirements that include obtaining a specific license, paying associated fees, securing a bond, and acquiring liability insurance. It also clarifies the distinction between used motor vehicles and used powersports vehicles, which encompass motorcycles, scooters, mopeds, all-terrain vehicles, and utility vehicles that require registration under the Oklahoma Vehicle License and Registration Act.

Additionally, the bill modifies existing laws regarding the Commission's structure, including the terms of office for members and the appointment of an Executive Director. It introduces a new licensing category for used powersports vehicle dealers, requiring a bond of $25,000, and stipulates that new applicants conducting auctions must secure a $50,000 bond. The bill expands the grounds for denying or revoking licenses to include violations related to used powersports vehicle dealers, ensuring compliance with local regulations. The Commission is granted authority to impose fines and revoke licenses for various infractions, with the bill set to take effect on November 1, 2025.

Statutes affected:
Introduced: 47-581, 47-582, 47-583, 47-584
Floor (Senate): 47-581, 47-582, 47-583, 47-584