Plain English Breakdown
The bill summary and digest do not provide specific details on penalties for non-compliance with advertisement rules.
Motor Vehicle Dealers; Records and Advertisements
This act changes how motor vehicle dealers can keep their records electronically and requires all advertisements to clearly identify the dealer by name.
What This Bill Does
- Allows motor vehicle dealers to keep their records electronically instead of in paper form or on film, magnetic, or optical media.
- Removes the need for prior approval from a board before using computerized record-keeping systems.
- Eliminates the requirement for dealers to maintain records about uninsured motor vehicle fees at their licensed location.
- Expands the rule that advertisements must clearly identify the dealer by name to all types of advertisements.
Who It Names or Affects
- Motor vehicle dealers who need to keep certain records.
- People or businesses placing advertisements for motor vehicle dealers.
Terms To Know
- Uninsured Motor Vehicle Fee
- A fee related to vehicles that do not have the required insurance coverage, which is no longer applicable under current law.
- Computerized Record-Keeping System
- An electronic system used by dealers to store and manage records instead of using paper or other physical media.
Limits and Unknowns
- The bill does not specify how long dealer records must be kept.
- It is unclear if there are any penalties for not following the new rules about advertisements.