VEHICLES; REGISTRATION                                                                                                                                   S.B. 1064 (S-1):

                                                                                                                                                                                                      SUMMARY OF BILL

                                                                                                                                                                        REPORTED FROM COMMITTEE

Senate Bill 1064 (Substitute S-1 as reported)

Sponsor:   Senator Aric Nesbitt

Committee:   Regulatory Reform

CONTENT

The bill would amend the Vehicle Code to do the following:

 --       Modify the definition of "established place of business" as it applies to a wholesaler and prescribe the definition of "established place of business" as it applies to a secondhand vehicle parts dealer, a vehicle salvage pool operator, a distressed vehicle operator, a broker, and an automotive recycler.

 --       Require a wholesaler to maintain regular hours of operation at an established place of business that included at least 15 regular business hours per week between the hours of 8 AM and 5 PM, Monday through Friday.

 --       Increase, from 15 days to 21 days, the time period a dealer selling, leasing, or exchanging certain vehicle or a person engaged in the sale of vessels has to apply for a new title and transfer or secure registration plates and secure a certificate of registration.

 --       Increase, from $15 to $50, the late transfer fee for a title.

 --       Increase, from 30 days to 60 days, the time period for which a special registration is valid.

 --       Specify that a provision specifying that a vehicle registration expires two years after the owner's birthday would apply, beginning October 1, 2022.

 --       Increase, from 15 days to 30 days, the maximum time period for which a temporary registration plate or maker is valid.

 --       Specify that certain odometer information would not apply to a scrap vehicle.

 --       Allow the Secretary of State (SOS) to accept an electronically signed odometer disclosure document that complied with certain requirements.

 --       Prohibit the SOS from renewing a new dealer's license if the applicant had not bought or sold more than five vehicles during the 12 months preceding the dealer's renewal application.

 --       Increase, from $10,000 to $25,000, the bond amount required for a new vehicle dealer or used secondhand vehicle dealer or broker license seeking licensure.

 --       Require the SOS or law enforcement officials to provide dealers with 36 hours' advance notice of an inspection.

 --       Modify certain license fees.

MCL 257.14                                                                                                                                 Legislative Analyst:   Eleni Lionas