Bill No. 604, introduced by Senators Gollihare and Dobrinski, amends various sections of Oklahoma's motor vehicle laws to enhance definitions and licensing requirements for motor vehicle dealers and related entities. The bill introduces new terms such as "receives deposits for vehicles" and "common entity," clarifying the relationships among manufacturers, distributors, and dealers. It also removes certain exceptions for specific entities and modifies the list of those requiring licensure, ensuring accountability. Additionally, the bill establishes data security standards for dealer management system providers, revises the grounds for license denial or revocation, and eliminates some compliance requirements for dealers, all aimed at improving consumer protection and streamlining the licensing process.

Furthermore, the bill addresses the relationship between new motor vehicle dealers and manufacturers, particularly regarding facility renovations, purchasing requirements, and electric vehicle charging stations. It prohibits manufacturers from coercing dealers into purchasing specific goods or services and ensures that dealers who have recently upgraded facilities are not forced to make further renovations unless required by law. The bill also stipulates that manufacturers must provide reasonable compensation for loaner vehicles and outlines the process for dealers to set their retail parts and labor rates. Additionally, it includes provisions for fair treatment in vehicle allocation and distribution, ensuring that changes do not adversely affect existing franchise agreements. Overall, these amendments aim to create a more equitable framework for motor vehicle dealerships, protecting their interests against unfair practices by manufacturers.

Statutes affected:
Committee Substitute: 47-562, 47-564, 47-565
Floor (House): 47-562, 47-564, 47-565
Floor (Senate): 47-562, 47-564, 47-565
Engrossed: 47-562, 47-564, 47-565