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

The bill aims to enhance transparency in the used vehicle market by ensuring that potential buyers are fully informed about the availability and sourcing of the vehicles being advertised. The new regulations will take effect on September 1, 2025, allowing time for dealers to adjust their advertising practices in compliance with the new law.

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