Modifies provisions relating to entities licensed as motor vehicle dealers
Impact
The bill encompasses various types of dealers, including motor vehicle, boat, and trailer dealers, and sets forth specific eligibility criteria for licensing. Notably, it establishes that motor vehicle dealers must demonstrate continued eligibility by completing a minimum number of sales within a designated timeframe to maintain their licenses. These amendments aim to ensure that only those entities actively engaged in the business meet the licensing standards, potentially enhancing the overall quality and accountability of vehicle dealers operating in Missouri.
Summary
House Bill 2173 is a legislative attempt to modify existing provisions relating to entities licensed as motor vehicle dealers in the state of Missouri. The primary focus of this bill is to repeal the current Section 301.550 and replace it with a new section that lays out updated definitions and requirements concerning motor vehicle and vessel dealerships. This is expected to modernize and streamline the regulations governing how dealers operate and maintain their licenses, ultimately simplifying compliance for businesses within the state.
Contention
One notable point of contention surrounding HB 2173 is the balance between regulatory enforcement and the potential burden imposed on smaller dealerships. Critics may argue that the stringent sales requirements could disproportionately affect smaller dealers, who may find it harder to meet such criteria compared to larger entities. As such, during discussions on this bill, proponents and opponents will likely debate the implications of these requirements on businesses and how they align with the state's goals for economic development and consumer protection.