SF2408 regulates motor vehicle dealers, addressing vehicle title rights, record storage, and remote sales.
SF2408 modifies the rights of motor vehicle dealers regarding vehicle titles, mandates record storage requirements, and outlines rules for remote sales. It allows dealers to possess vehicle titles if assigned to an entity with direct ownership. Dealers must store records at their business or an affiliated U.S. entity and provide them to the Department of Transportation upon request. For remote sales, dealers must disclose vehicle location, title status, and delivery date. The bill also specifies that remote sales are not door-to-door sales and must comply with electronic transactions laws.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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