Senate Bill No. 1029 introduces a new provision to the Occupations Code, specifically adding Section 2301.364, which regulates how dealers can advertise certain used motor vehicles. The bill allows dealers to advertise a specific used motor vehicle that they do not currently possess, provided that the advertisement includes specific disclosures. These disclosures must clearly state that the vehicle is not in the dealer's possession, indicate that the vehicle can be obtained within a reasonable timeframe from a manufacturer, distributor, or affiliated financial institution, and include the vehicle identification number if the price is advertised.

The bill aims to enhance transparency in the advertising practices of used motor vehicle dealers, ensuring that potential buyers are fully informed about the availability and sourcing of the vehicles being advertised. This legislation is set to take effect on September 1, 2025.

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