Specifies that the educational seminar required for licensure as a used motor vehicle dealer shall be available online or in person
Impact
The bill replaces existing regulations under section 301.560, which governs the licensing of motor vehicle dealers, thus seeking to establish a more contemporary and efficient framework for dealer registration in Missouri. By allowing online access to mandatory education seminars, the bill aligns with modern practices and technology, potentially increasing the number of qualified applicants who can engage with these educational opportunities. In turn, this could lead to a more knowledgeable dealer community and improve compliance with state regulations.
Summary
SB1016, introduced in the Missouri Senate, aims to revamp the licensing process for motor vehicle dealers by specifying that an educational seminar required for licensure as a used motor vehicle dealer must be made available both online and in-person. This change seeks to enhance accessibility for potential applicants and ensure they are well-informed about the legal and operational standards necessary for their businesses. The bill also outlines other measures, such as the types of documentation and certifications required in the application process, which are designed to streamline the licensing procedure.
Contention
One notable point of contention regarding SB1016 could arise from those who argue about the quality of education available in an online format compared to in-person instruction. Critics may raise concerns regarding the effectiveness of online seminars in covering essential topics needed for responsible dealership practices. Additionally, the requirement for a surety bond or irrevocable letter of credit as part of the licensing process may also generate debate regarding the financial burden this places on new business entrants in the automotive sector.
Specifies that certain applicants for disabled license plates or windshield placards shall not be required to provide physician's statements for issuance or renewal of the plates or placards
Used motor vehicles; authorizing Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission to regulate used powersports vehicle dealers. Effective date.
Motor vehicles; regulation; New Motor Vehicle Commission; approval of form; licensure; application; fees; certificates of registration; franchise; new vehicle dealers; effective date.
Directs the Department of Revenue to establish a system in which persons who own multiple farm vehicles can elect to have the vehicles placed on the same registration renewal schedule
Motor vehicles; modifying list of entities requiring licensure; removing certain exception; requiring certain commercially reasonable data security standards; modifying entities not liable for certain actions. Effective date.