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3 | + | ENGR. S. A. TO ENGR. H. B. NO. 1153 Page 1 1 | |
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28 | + | ENGROSSED SENATE AMENDMENT | |
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30 | + | ENGROSSED HOUSE | |
3 | 31 | BILL NO. 1153 By: Osburn of the House | |
4 | 32 | ||
5 | 33 | and | |
6 | 34 | ||
7 | 35 | Garvin of the Senate | |
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14 | 42 | An Act relating to motor vehicles; amending 47 O.S. | |
15 | 43 | 2011, Section 581, as last amended by Section 3, | |
16 | 44 | Chapter 79, O.S.L. 2019 (47 O.S. Supp. 2020, Section | |
17 | 45 | 581), which relates to definitions; modifying | |
18 | 46 | definitions; amending 47 O.S. 2011, Section 583, as | |
19 | 47 | last amended by Section 24, Chapter 161, O.S.L. 2020 | |
20 | 48 | (47 O.S. Supp. 2020, Section 583), which relates to | |
21 | 49 | required licensure; requiring bon d for certain | |
22 | 50 | dealers; requiring certain service for manufactured | |
23 | 51 | homes in use in the state; requiring certain | |
24 | 52 | transactions go through licensed dealers; amending 47 | |
25 | - | O.S. 2011, Section 1110, as last amended by Section 1 | |
26 | - | of Enrolled House Bill No. 2056 of the 1st Session of | |
27 | - | the 58th Oklahoma Legislature, which relates to | |
28 | - | perfection of security interest; requiring certain | |
29 | - | certificate of title be surrendered; amending 68 O.S. | |
30 | - | 2011, Section 2812, which relates to manufactured | |
31 | - | homes; clarifying language; and providing an | |
32 | - | effective date. | |
53 | + | O.S. 2011, Section 1110, as amended by Section 1, | |
54 | + | Chapter 224, O.S.L. 2015 (47 O.S. Supp. 2 020, Section | |
55 | + | 1110), which relates to perfection of security | |
56 | + | interest; requiring certain certificate of title be | |
57 | + | surrendered; amending 68 O.S. 2011, Section 2812, | |
58 | + | which relates to manufactured homes; clarifying | |
59 | + | language; and providing an effective date. | |
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37 | - | SUBJECT: Motor vehicles | |
64 | + | AMENDMENT NO. 1. Page 2, line 23, adding after the comma (,) the | |
65 | + | word, “or” | |
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93 | + | Passed the Senate the 14th day of April, 2021. | |
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97 | + | Presiding Officer of the Senate | |
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100 | + | Passed the House of Representatives the ____ day of __________, | |
101 | + | 2021. | |
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105 | + | Presiding Officer of the House | |
106 | + | of Representatives | |
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108 | + | ENGR. H. B. NO. 1153 Page 1 1 | |
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133 | + | ENGROSSED HOUSE | |
134 | + | BILL NO. 1153 By: Osburn of the House | |
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136 | + | and | |
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138 | + | Garvin of the Senate | |
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145 | + | An Act relating to motor vehicles; amending 47 O.S. | |
146 | + | 2011, Section 581, as last amended by Section 3, | |
147 | + | Chapter 79, O.S.L. 2019 (47 O.S. Supp. 2020, Section | |
148 | + | 581), which relates to definitions; modifying | |
149 | + | definitions; amending 47 O.S. 2011, Section 583, as | |
150 | + | last amended by Section 24, Chapter 161, O.S.L. 2020 | |
151 | + | (47 O.S. Supp. 2020, Section 583), which relates to | |
152 | + | required licensure; requirin g bond for certain | |
153 | + | dealers; requiring certain service for manufactured | |
154 | + | homes in use in the state; requiring certain | |
155 | + | transactions go through licensed dealers; amending 47 | |
156 | + | O.S. 2011, Section 1110, as amended by Section 1, | |
157 | + | Chapter 224, O.S.L. 2015 (47 O.S. Su pp. 2020, Section | |
158 | + | 1110), which relates to perfection of security | |
159 | + | interest; requiring certain certificate of title be | |
160 | + | surrendered; amending 68 O.S. 2011, Section 2812, | |
161 | + | which relates to manufactured homes; clarifying | |
162 | + | language; and providing an effective date . | |
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38 | 166 | ||
39 | 167 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
40 | - | ||
41 | 168 | SECTION 1. AMENDATORY 47 O.S. 2011, Section 581, as last | |
42 | 169 | amended by Section 3, Chapter 79, O.S.L. 2019 (47 O.S. Supp. 2020, | |
43 | 170 | Section 581), is amended to read as follows: | |
44 | - | ||
45 | 171 | Section 581. As used in Section 581 et seq. of this title: | |
46 | - | ENR. H. B. NO. 1153 Page 2 | |
47 | 172 | 1. "Commission" means the Oklahoma Used Motor Vehicle and Parts | |
48 | 173 | Commission; | |
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50 | 200 | 2. "Compensation" means anything of value including money, | |
51 | 201 | merchandise, rebates on purchases, trading stamps or any oth er thing | |
52 | 202 | of value; | |
53 | - | ||
54 | 203 | 3. "Consignment sale" means the sale of used motor vehicles | |
55 | 204 | belonging to another by a used motor vehicle dealer, whether or not | |
56 | 205 | title is transferred from the consignor to the used motor vehicle | |
57 | 206 | dealer; | |
58 | - | ||
59 | 207 | 4. "Factory" means a manufacturer , distributor, factory branch, | |
60 | 208 | distributor branch, factory representative or distributor | |
61 | 209 | representative, which manufactures or distributes vehicle products; | |
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63 | 210 | 5. "Manufactured home" means a residential dwelling in one or | |
64 | 211 | more sections built in accordance wi th the National Manufactured | |
65 | 212 | Housing Construction and Safety Standards Act of 1974, 42 U.S.C., | |
66 | 213 | Section 5401, et seq. and rules promulgated pursuant thereto; | |
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68 | 214 | 6. a. "Manufactured home dealer" means any person who ,: | |
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70 | 215 | (1) works for a commission or with intent t o make a | |
71 | 216 | profit or gain of money or other thing of value, | |
72 | 217 | sells, offers to sell, or attempts to negotiate a | |
73 | 218 | sale or exchange of interest in, new or used | |
74 | 219 | manufactured homes, or that | |
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76 | 220 | (2) is engaged wholly or in part in the business of | |
77 | 221 | selling any new and unu sed, or used, or both new | |
78 | - | and used manufactured homes , or | |
222 | + | and used manufactured homes , | |
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80 | 249 | (3) is engaged wholly or in part in the business of | |
81 | 250 | leasing any new and unused, or used, or both new | |
82 | 251 | and used manufactured homes, that are considered | |
83 | 252 | personal property, with an option to purchase or | |
84 | 253 | own in any form at any time after beginning of | |
85 | 254 | the lease term. | |
86 | - | ||
87 | 255 | A valid franchise letter as proof of authorization to | |
88 | 256 | sell any new manufactured home product line or lines | |
89 | 257 | shall be attached to the application for a dealer | |
90 | 258 | license to sell manufactured homes. " Manufactured | |
91 | - | home dealer" shall include a manufactured home | |
259 | + | home dealer" shall include a manufactured home | |
92 | 260 | auction. A manufactured home auction shall mean any | |
93 | 261 | person selling more than twenty-five five manufactured | |
94 | 262 | homes in an auction or liquidation format. Only | |
95 | 263 | licensed manufactured home dealers shal l be authorized | |
96 | 264 | to purchase manufactured homes at such auctions. | |
97 | - | ||
98 | 265 | b. "Manufactured home dealer" shall not include any | |
99 | 266 | person who sells or contracts for the sale of a | |
100 | 267 | personally titled manufactured home or homes which | |
101 | 268 | they have used as their personal residen ce, or any | |
102 | 269 | person acting as an auctioneer who has been engaged by | |
103 | 270 | a seller to direct, conduct, control, or be | |
104 | 271 | responsible for the sale of such manufactured homes as | |
105 | 272 | a part of an auction or liquidation of an estate, or | |
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106 | 299 | any Oklahoma licensed real estate brok er or sales | |
107 | 300 | associate when buying or selling used mobile | |
108 | 301 | manufactured homes which have become real property as | |
109 | 302 | a part of a real estate business. No person shall be | |
110 | 303 | considered a manufactured home dealer as to any | |
111 | 304 | manufactured home purchased or acquired by the person | |
112 | 305 | for purposes other than resale or lease-purchase in | |
113 | 306 | any form; provided, that the restriction set forth in | |
114 | 307 | this sentence shall not prevent an otherwise qualified | |
115 | 308 | person from utilizing a single manufactured home as a | |
116 | 309 | sales office. | |
117 | - | ||
118 | 310 | c. A holder of a lien on a personally titled manufactured | |
119 | 311 | home may sell, exchange, or transfer by lease -purchase | |
120 | 312 | the repossessed manufactured home and shall not be | |
121 | 313 | required to be licensed pursuant to this chapter | |
122 | 314 | title. If Any person other than a bona fide full -time | |
123 | 315 | employee of the lienholder contracts with a person or | |
124 | 316 | company to sell who participates in the sale of the | |
125 | 317 | repossessed manufactured home and the person or | |
126 | 318 | company is not an employee, officer or principal of | |
127 | 319 | the lienholder, such person or company shall be | |
128 | 320 | licensed as a manufactured home dealer pursuant to | |
129 | 321 | this chapter title. | |
130 | 322 | ||
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131 | 348 | d. "Manufactured home dealer" shall not include any | |
132 | 349 | person who sells mobile or manufactured homes located | |
133 | 350 | in a mobile or a restricted manufactured home park or | |
134 | 351 | community dealer; | |
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136 | 352 | 7. "Manufactured home salesperson" means any person who has | |
137 | 353 | been engaged by a manufactured home dealer or restricted | |
138 | 354 | manufactured home park dealer to buy, sell, exchange, negotiate, or | |
139 | 355 | act as an agent for the purchase, sale, or exchange of an interest | |
140 | 356 | in a manufactured home; | |
141 | - | ||
142 | 357 | 8. "Manufactured home installer" means a person who is engaged | |
143 | 358 | in the business of installing or setting up manufactured homes | |
144 | 359 | and/or mobile homes as defined herein; | |
145 | - | ||
146 | 360 | 9. "Manufactured home manufacturer" means a person who | |
147 | 361 | manufactures, assembles, and sells or distributes new manufactured | |
148 | 362 | homes, whether directly or indirectly, to new manufactured home | |
149 | 363 | retailers or a restricted manufactured home park dealer for resale | |
150 | 364 | or use in this state; | |
151 | - | ||
152 | 365 | 10. "Mobile home" means a residential dwelling fabricated in an | |
153 | 366 | off-site manufacturing facility, designed to be a permanent | |
154 | 367 | residence, but which is still transportable, that was built prior to | |
155 | 368 | the enacting of the National Manufactured Housing Construction and | |
156 | 369 | Safety Standards Act of 1974, 42 U.S.C., Section 5401 et seq.; | |
157 | - | ||
158 | 370 | 11. "Person" means an individual, business, corporation, | |
159 | 371 | partnership, association, limited liability corporation, trust, | |
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160 | 398 | firm, or company or legal entity, but does not include any political | |
161 | 399 | subdivision; | |
162 | - | ||
163 | 400 | 12. "Ready for occupancy" means a mobile or m anufactured home | |
164 | 401 | which is installed and anchored properly by a manufactured home | |
165 | 402 | installer licensed in this state and has utilities connected to | |
166 | 403 | service; | |
167 | - | ||
168 | 404 | 13. "Rebuilder" means a used motor vehicle dealer who is | |
169 | 405 | engaged in the business of rebuilding repair able motor vehicles and | |
170 | 406 | who has paid the fee for and been issued a rebuilder certificate as | |
171 | 407 | provided by Section 591.5 of this title; | |
172 | - | ||
173 | 408 | 14. "Restricted manufactured home park dealer" means any person | |
174 | 409 | operating a mobile or manufactured home park who, for a co mmission | |
175 | 410 | or with intent to make a profit or gain of money or other thing of | |
176 | 411 | value, sells, offers to sell, or attempts to negotiate a sale or | |
177 | 412 | exchange of interest in, new or used manufactured homes, or that is | |
178 | 413 | engaged wholly or in part in the business of se lling or leasing | |
179 | 414 | manufactured homes which are personal property with an option to | |
180 | - | purchase or own in any form at any time after the beginning of the | |
415 | + | purchase or own in any form at any time after the beginning of the | |
181 | 416 | lease term any new and unused, or used, or both new and used | |
182 | 417 | manufactured homes; provided, every mobile or manufactured home sold | |
183 | 418 | pursuant to a restricted manufactured home park dealer license shall | |
184 | 419 | be located in the licensed mobile or manufactured home park and | |
185 | 420 | ready for occupancy. Provided further, manufactured home dealer | |
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186 | 447 | license plates shall not be issued to a restricted manufactured home | |
187 | 448 | park dealer; | |
188 | - | ||
189 | 449 | 15. "Retail implement dealer" means a business engaged | |
190 | 450 | primarily in the sale of farm tractors as defined in Section 1 -118 | |
191 | 451 | of this title or implements of husbandry as defined in Section 1 -125 | |
192 | 452 | of this title or a combination thereof; | |
193 | - | ||
194 | 453 | 16. "Sale" or "sell" means the act of selling, brokering, | |
195 | 454 | exchanging, exchanging of an interest in, or renting with the option | |
196 | 455 | of purchasing to purchase or own in any form at any time after the | |
197 | 456 | beginning of the lease term , a new or used manufactured home for | |
198 | 457 | commission, profit, or gain of money or other thing of value; | |
199 | - | ||
200 | 458 | 17. "Used motor vehicle" means any motor vehicle, as that term | |
201 | 459 | is defined in the Oklahoma Vehicle License and Registration Act, but | |
202 | 460 | not including any all -terrain vehicles, utility vehicles, and | |
203 | 461 | motorcycles used exclusively for off -road use which are sold by a | |
204 | 462 | retail implement dealer, which has been sold, bargained, exchanged, | |
205 | 463 | given away or the title thereto transferred from the person who | |
206 | 464 | first took title from the manu facturer, importer, or dealer or agent | |
207 | 465 | of the manufacturer or importer, or so used as to have become what | |
208 | 466 | is commonly known as a "secondhand motor vehicle". In the event of | |
209 | 467 | transfer, on the statement of origin, from the original franchised | |
210 | 468 | dealer to any other dealer or individual other than a franchised | |
211 | 469 | dealer of the same make of vehicle, the vehicle shall be considered | |
212 | 470 | a used motor vehicle and must be titled in the new owner's name; | |
213 | 471 | ||
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214 | 497 | 18. "Used motor vehicle auction" means any business other than | |
215 | 498 | salvage pools which regularly engages in the sale or trade, or | |
216 | 499 | negotiates the sale or trade, of used motor vehicles by auction, | |
217 | 500 | whether by open or closed bid or by sale to or purchase by used | |
218 | 501 | motor vehicle dealers or individuals; | |
219 | - | ||
220 | 502 | 19. a. "Used motor vehicle dealer" means any person who, for | |
221 | 503 | a commission or with intent to make a profit or gain | |
222 | 504 | of money or other thing of value, sells, brokers, | |
223 | 505 | exchanges, rents with option to purchase, or offers or | |
224 | 506 | attempts to negotiate a sale or exchange of an | |
225 | - | interest in used motor | |
507 | + | interest in used motor ve hicles, or who is engaged | |
226 | 508 | wholly or in part in the business of selling used | |
227 | 509 | motor vehicles, whether or not such motor vehicles are | |
228 | 510 | owned by the person. | |
229 | - | ||
230 | 511 | b. "Used motor vehicle dealer" shall not include: | |
231 | - | ||
232 | 512 | (1) receivers, trustees, administrators, executors, | |
233 | 513 | guardians, or other persons appointed by or | |
234 | 514 | acting pursuant to the judgment or order of any | |
235 | 515 | court, | |
236 | - | ||
237 | 516 | (2) public officers while performing their official | |
238 | 517 | duties, | |
239 | - | ||
240 | 518 | (3) employees of persons enumerated in the definition | |
241 | 519 | of "used motor vehicle dealer" when engaged i n | |
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242 | 546 | the specific performance of their duties as such | |
243 | 547 | employees, | |
244 | - | ||
245 | 548 | (4) mortgagees or secured parties as to sales of | |
246 | 549 | motor vehicles constituting collateral on a | |
247 | 550 | mortgage or security agreement, if the mortgagees | |
248 | 551 | or secured parties shall not realize for their | |
249 | 552 | own account from such sales any monies in excess | |
250 | 553 | of the outstanding balance secured by such | |
251 | 554 | mortgage or security agreement, plus the costs of | |
252 | 555 | collection, | |
253 | - | ||
254 | 556 | (5) any person acting as an auctioneer who has been | |
255 | 557 | engaged by a seller to direct, conduct, control, | |
256 | 558 | or be responsible for the sale of used motor | |
257 | 559 | vehicles as part of an estate auction or | |
258 | 560 | liquidation, | |
259 | - | ||
260 | 561 | (6) any person, firm, corporation, or other legal | |
261 | 562 | entity who sells, or contracts for the sale of, | |
262 | 563 | the vehicles of the person, firm, corporation, or | |
263 | 564 | other legal entity when such vehicles are sold in | |
264 | 565 | liquidation, and any person, firm, corporation, | |
265 | 566 | or other legal entity who serves as an agent in | |
266 | 567 | such sale. The exclusion provided in this | |
267 | 568 | paragraph shall not extend to any person, firm, | |
268 | 569 | corporation, or other legal entit y whose business | |
269 | - | is the purchase, sale, or rental with option to ENR. H. B. NO. 1153 Page 7 | |
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596 | + | is the purchase, sale, or rental with option to | |
270 | 597 | purchase, of motor vehicles, or to a location | |
271 | 598 | used for such purposes, | |
272 | - | ||
273 | 599 | (7) any person acting as an auctioneer who has been | |
274 | 600 | engaged by a seller to direct, conduct, control, | |
275 | 601 | or be responsible fo r the sale of used motor | |
276 | 602 | vehicles as part of an auction held at a licensed | |
277 | 603 | used motor vehicle dealer location. The | |
278 | 604 | exclusion provided in this division shall not | |
279 | 605 | extend to a person who auctions five or more used | |
280 | 606 | motor vehicles in a nonliquidation sale held at a | |
281 | 607 | licensed used motor vehicle dealer location which | |
282 | 608 | is not regularly used as a vehicle auction, or | |
283 | - | ||
284 | 609 | (8) any retail implement dealer that sells all - | |
285 | 610 | terrain vehicles, utility vehicles, and | |
286 | 611 | motorcycles used exclusively for off -road use; | |
287 | - | ||
288 | 612 | 20. "Used motor vehicle salesperson" means a person employed by | |
289 | 613 | a licensed used motor vehicle dealer to sell, broker, exchange, or | |
290 | 614 | negotiate a purchase, sale, or rental with option to purchase, used | |
291 | 615 | motor vehicles or an interest in used motor vehicles. The term | |
292 | 616 | "used motor vehicle salesperson" shall not include any person who: | |
617 | + | a. uses the person's own funds for such transactions, or | |
293 | 618 | ||
294 | - | a. uses the person's own funds for such transactions, or | |
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295 | 643 | ||
296 | 644 | b. operates independently as a used motor vehicle dealer | |
297 | 645 | using a licensed used motor vehicle dealer's license | |
298 | 646 | number; and | |
299 | - | ||
300 | 647 | 21. "Wholesale used motor vehicle dealer" means any person who, | |
301 | 648 | for a commission or with intent to make a profit or gain of money or | |
302 | 649 | other thing of value, sells, brokers, exchanges, rents with option | |
303 | 650 | to purchase, or offers or attempts to negotiate a sale or exchange | |
304 | 651 | of interest in used motor vehicles exclusively to used motor vehicle | |
305 | 652 | dealers, or who is engaged in the business of selling used motor | |
306 | 653 | vehicles exclusively to used motor vehicle dealers, whether or not | |
307 | 654 | such motor vehicles are owned by the person. | |
308 | - | ||
309 | 655 | SECTION 2. AMENDATORY 47 O.S. 2011, Section 583, as last | |
310 | 656 | amended by Section 24, Chapter 161, O.S.L. 2020 (47 O.S. Supp. 2020, | |
311 | 657 | Section 583), is amended to read as follows: | |
312 | - | ||
313 | 658 | Section 583. A. 1. It shall be unlawful and constitute a | |
314 | - | misdemeanor for any person to engage in business as, or serve in the | |
659 | + | misdemeanor for any person to engage in business as, or serve in the | |
315 | 660 | capacity of, or act as a used motor vehicle dealer, wholesale used | |
316 | 661 | motor vehicle dealer, manufactured home dealer, restricted | |
317 | 662 | manufactured home park dealer, manufactured home installer, or | |
318 | 663 | manufactured home manufacturer selling directly to a licensed | |
319 | 664 | manufactured home dealer in this state without first obtaining a | |
320 | 665 | license or following other requirements therefor as provided in this | |
321 | 666 | section. | |
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322 | 692 | ||
323 | 693 | 2. a. Any person engaging, acting, or serving in the | |
324 | 694 | capacity of a used motor vehicle dealer, a | |
325 | 695 | manufactured home dealer, restricted manufactured home | |
326 | 696 | park dealer, a manufactured home installer, or a | |
327 | 697 | manufactured home manufacturer, or having more than | |
328 | 698 | one place where any such business, or combination of | |
329 | 699 | businesses, is carried on or conducted shall be | |
330 | 700 | required to obtain and hold a current license for each | |
331 | 701 | such business, in which engaged. | |
332 | - | ||
333 | 702 | b. If after a hearing in accordance with the provisions | |
334 | 703 | of Section 585 of this title, the Oklahoma Used Motor | |
335 | 704 | Vehicle and Parts Commission shall find any person | |
336 | 705 | installing a mobile or manufactured home to be in | |
337 | 706 | violation of any of the provisions of this act, such | |
338 | 707 | person may be subject to an administrative fine of not | |
339 | 708 | more than Five Hundred Dollars ($500.00) for each | |
340 | 709 | violation. Each day a pe rson is in violation of this | |
341 | 710 | act may constitute a separate violation. All | |
342 | 711 | administrative fines collected pursuant to the | |
343 | 712 | provisions of this subparagraph shall be deposited in | |
344 | 713 | the fund established in Section 582 of this title. | |
345 | 714 | Administrative fines imposed pursuant to this | |
346 | 715 | subparagraph may be enforceable in the district courts | |
347 | 716 | of this state. | |
348 | 717 | ||
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349 | 743 | 3. Any person, except persons penalized by administrative fine , | |
350 | 744 | violating the provisions of this section shall, upon conviction, be | |
351 | 745 | punished by a fine not to exceed Fi ve Hundred Dollars ($500.00). A | |
352 | 746 | second or subsequent conviction shall be punished by a fine not to | |
353 | 747 | exceed One Thousand Dollars ($1,000.00); provided that each day such | |
354 | 748 | unlicensed person violates this section shall constitute a separate | |
355 | 749 | offense, and any vehicle involved in a violation of this subsection | |
356 | 750 | shall be considered a separate offense. | |
357 | - | ||
358 | 751 | B. 1. Applications for licenses required to be obtained under | |
359 | - | the provisions of the Oklahoma Used Motor Vehicle and Parts | |
752 | + | the provisions of the Oklahoma Used Motor Vehicle and Parts | |
360 | 753 | Commission shall be verified by the oath or affirmation of the | |
361 | 754 | applicant and shall be on forms prescribed by the Commission and | |
362 | 755 | furnished to the applicants, and shall contain such information as | |
363 | 756 | the Commission deems necessary to enable it to fully determine the | |
364 | 757 | qualifications and eligibility of the several applicants to receive | |
365 | 758 | the license or licenses applied for. The Commission shall require | |
366 | 759 | in the application, or otherwise, information relating to: | |
367 | - | ||
368 | 760 | a. the applicant's financial standing, | |
369 | - | ||
370 | 761 | b. the applicant's business integrity, | |
371 | - | ||
372 | 762 | c. whether the applicant has an established place of | |
373 | 763 | business and is engaged in the pursuit, avocation, or | |
374 | 764 | business for which a license, or licenses, is applied | |
375 | 765 | for, | |
376 | 766 | ||
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377 | 792 | d. whether the applicant is able to properly conduct the | |
378 | 793 | business for which a license, or licenses, is applied | |
379 | 794 | for, and | |
380 | - | ||
381 | 795 | e. such other pertinent information consistent with the | |
382 | 796 | safeguarding of the public interest and the public | |
383 | 797 | welfare. | |
384 | - | ||
385 | 798 | 2. All applications for license or licenses shall be | |
386 | 799 | accompanied by the appropriate fee or fees in accordance with the | |
387 | 800 | schedule hereinafter provided. In the event any application is | |
388 | 801 | denied and the license applied for is not issued, the entire license | |
389 | 802 | fee shall be returned to the applicant. | |
390 | - | ||
391 | 803 | 3. All bonds and licenses issued under the provisions of this | |
392 | 804 | act shall expire on December 31 , following the date of issue and | |
393 | 805 | shall be nontransferable. All applications for renewal of licenses | |
394 | 806 | shall be submitted by November 1 of each year of expiration, and | |
395 | 807 | licenses for completed renewals received by November 1 shall be | |
396 | 808 | issued by January 10. If applications have not been made for | |
397 | 809 | renewal of licenses, such licenses shall expire on December 31 and | |
398 | 810 | it shall be illegal for any person to represent himself or herself | |
399 | 811 | and act as a dealer thereafter. Tag agents shall be notified not to | |
400 | 812 | accept dealers' titles until such time as licenses have been issued. | |
401 | 813 | Beginning January 1, 2016, all licenses shall be issued for a period | |
402 | 814 | of two (2) years and the appropriate fees shall be assessed. The | |
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403 | 841 | Commission shall adopt rules necessary to implement the two -year | |
404 | - | licensing provisions. ENR. H. B. NO. 1153 Page 10 | |
405 | - | ||
842 | + | licensing provisions. | |
406 | 843 | C. The schedule of license fees to be charged and received by | |
407 | 844 | the Commission for the licenses issued hereunder shall be as | |
408 | 845 | follows: | |
409 | - | ||
410 | 846 | 1. For each used motor vehicle dealer's license and each | |
411 | 847 | wholesale used motor vehicle dealer's license , Six Hundred Dollars | |
412 | 848 | ($600.00). If a used motor vehicle dealer or a wholesale used motor | |
413 | 849 | vehicle dealer has once been licensed by the Commission in the | |
414 | 850 | classification for which he or she applies for a renewal of the | |
415 | 851 | license, the fee for each subsequent r enewal shall be Three Hundred | |
416 | 852 | Dollars ($300.00); provided, if an applicant holds a license to | |
417 | 853 | conduct business as an automotive dismantler and parts recycler | |
418 | 854 | issued pursuant to Section 591.1 et seq. of this title, the initial | |
419 | 855 | fee shall be Two Hundred Dolla rs ($200.00) and the renewal fee shall | |
420 | 856 | be Two Hundred Dollars ($200.00). If an applicant is applying | |
421 | 857 | simultaneously for a license under this paragraph and a license | |
422 | 858 | under paragraph 1 of Section 591.5 of this title, the initial | |
423 | 859 | application fee shall be Fou r Hundred Dollars ($400.00). For the | |
424 | 860 | reinstatement of a used motor vehicle dealer's license after | |
425 | 861 | revocation for cancellation or expiration of insurance pursuant to | |
426 | 862 | subsection F of this section, the fee shall be Two Hundred Dollars | |
427 | 863 | ($200.00); | |
428 | 864 | ||
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429 | 890 | 2. For a used motor vehicle dealer's license, for each place of | |
430 | 891 | business in addition to the principal place of business, Two Hundred | |
431 | 892 | Dollars ($200.00); | |
432 | - | ||
433 | 893 | 3. For each holder who possesses a valid new motor vehicle | |
434 | 894 | dealer's license from the Oklahoma Motor Vehicle Commis sion, Two | |
435 | 895 | Hundred Dollars ($200.00) shall be the initial fee for a used motor | |
436 | 896 | vehicle license and the fee for each subsequent renewal shall be Two | |
437 | 897 | Hundred Dollars ($200.00); | |
438 | - | ||
439 | 898 | 4. a. For each manufactured home dealer's license or a | |
440 | 899 | restricted manufactured hom e park dealer's license, | |
441 | 900 | Six Hundred Dollars ($600.00), and for each place of | |
442 | 901 | business in addition to the principal place of | |
443 | 902 | business, Four Hundred Dollars ($400.00), and | |
444 | - | ||
445 | 903 | b. For each renewal of a manufactured home dealer's | |
446 | 904 | license or a restricted manufactu red home park | |
447 | 905 | dealer's license, and renewal for each place of | |
448 | 906 | business in addition to the principal place of | |
449 | - | business, Three Hundred Dollars ($300.00); ENR. H. B. NO. 1153 Page 11 | |
450 | - | ||
907 | + | business, Three Hundred Dollars ($300.00); | |
451 | 908 | 5. a. For each manufactured home installer's license, Four | |
452 | 909 | Hundred Dollars ($400.00), and | |
453 | - | ||
454 | 910 | b. For each renewal of a manufactured home installer's | |
455 | 911 | license, Four Hundred Dollars ($400.00); | |
456 | - | ||
457 | 912 | 6. a. For each manufactured home manufacturer selling | |
458 | 913 | directly to a licensed manufactured home dealer in | |
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459 | 940 | this state, One Thousand Five Hundred Dollars | |
460 | 941 | ($1,500.00), and | |
461 | - | ||
462 | 942 | b. For each renewal of a manufactured home manufacturer's | |
463 | 943 | license, One Thousand Five Hundred Dollars | |
464 | 944 | ($1,500.00); | |
465 | - | ||
466 | 945 | 7. Any manufactured home manufacturer who sells a new | |
467 | 946 | manufactured home to be shipped to or sited in the State of Oklahoma | |
468 | 947 | shall pay an installatio n inspection fee of Seventy -five Dollars | |
469 | 948 | ($75.00) for each new single -wide manufactured home and One Hundred | |
470 | 949 | Twenty-five Dollars ($125.00) for each new multi -floor manufactured | |
471 | 950 | home; and | |
472 | - | ||
473 | 951 | 8. A used manufactured home inspection fee of Seventy -five | |
474 | 952 | Dollars ($75.00) shall be paid by the installer at or before the | |
475 | 953 | time of installation of any used manufactured home sited and | |
476 | 954 | installed in the State of Oklahoma. | |
477 | - | ||
478 | 955 | D. 1. The license issued to each used motor vehicle dealer, | |
479 | 956 | each wholesale used motor vehicle dealer, each restricted | |
480 | 957 | manufactured home park dealer and each manufactured home dealer | |
481 | 958 | shall specify the location of the place of business. If the | |
482 | 959 | business location is changed, the Oklahoma Used Motor Vehicle and | |
483 | 960 | Parts Commission shall be notified immediately o f the change and the | |
484 | 961 | Commission may endorse the change of location on the license. The | |
485 | 962 | fee for a change of location shall be One Hundred Dollars ($100.00), | |
486 | 963 | and the fee for a change of name, Twenty -five Dollars ($25.00). The | |
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487 | 990 | license of each licensee shall be posted in a conspicuous place in | |
488 | 991 | the place or places of business of the licensee. | |
489 | - | ||
490 | 992 | 2. The license issued to each manufactured home installer , and | |
491 | 993 | each manufactured home manufacturer shall specify the location of | |
492 | 994 | the place of business. If the business location is changed, the | |
493 | 995 | Oklahoma Used Motor Vehicle and Parts Commission shall be notified | |
494 | - | immediately of the change and the Commission may endorse the change | |
996 | + | immediately of the change and the Commission may endorse the change | |
495 | 997 | of location on the license without charge. The license of each | |
496 | 998 | licensee shall be posted in a co nspicuous place in the place or | |
497 | 999 | places of business of the licensee. | |
498 | - | ||
499 | 1000 | 3. Every manufactured home installer shall have the license | |
500 | 1001 | available for inspection at the primary place of business of the | |
501 | 1002 | licensee. This license shall be valid for the licensee and al l of | |
502 | 1003 | the employees of the licensee. Any person who is not an employee of | |
503 | 1004 | the licensee must obtain a separate manufactured home installer | |
504 | 1005 | license regardless of whether such person is acting in the capacity | |
505 | 1006 | of a contractor or subcontractor. | |
506 | - | ||
507 | 1007 | E. 1. a. Each applicant for a used motor vehicle dealer's | |
508 | 1008 | license shall procure and file with the Commission a | |
509 | 1009 | good and sufficient bond in the amount of Twenty -five | |
510 | 1010 | Thousand Dollars ($25,000.00). Each new applicant for | |
511 | 1011 | a used motor vehicle dealer's license for the purpos e | |
512 | 1012 | of conducting a used motor vehicle auction shall | |
513 | 1013 | procure and file with the Commission a good and | |
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514 | 1040 | sufficient bond in the amount of Fifty Thousand | |
515 | 1041 | Dollars ($50,000.00). An applicant who intends to | |
516 | 1042 | conduct a used motor vehicle auction who provides | |
517 | 1043 | proof that the applicant has check and title insurance | |
518 | 1044 | in an amount not less than Fifty Thousand Dollars | |
519 | 1045 | ($50,000.00) shall only be required to have a bond in | |
520 | 1046 | the amount of Twenty -five Thousand Dollars | |
521 | 1047 | ($25,000.00). | |
522 | - | ||
523 | 1048 | b. Each new applicant for a used motor vehicle d ealer | |
524 | 1049 | license for the purpose of conducting a used motor | |
525 | 1050 | vehicle business which will consist primarily of non - | |
526 | 1051 | auction consignment sales which are projected to equal | |
527 | 1052 | Five Hundred Thousand Dollars ($500,000.00) or more in | |
528 | 1053 | gross annual sales shall procure and file with the | |
529 | 1054 | Commission a good and sufficient bond in the amount of | |
530 | 1055 | Fifty Thousand Dollars ($50,000.00). The Commission | |
531 | 1056 | shall prescribe by rule the method of operation of the | |
532 | 1057 | non-auction consignment dealer in order to properly | |
533 | 1058 | protect the interests of a ll parties to the | |
534 | 1059 | transaction and to provide sanctions against dealers | |
535 | 1060 | who fail to comply with the rules. | |
1061 | + | c. Each applicant for a wholesale used motor vehicle | |
1062 | + | dealer's license shall procure and file with the | |
536 | 1063 | ||
537 | - | c. Each applicant for a wholesale used motor vehicle | |
538 | - | dealer's license shall procure and file with the ENR. H. B. NO. 1153 Page 13 | |
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539 | 1089 | Commission a good and sufficient bond in the amo unt of | |
540 | 1090 | Twenty-five Thousand Dollars ($25,000.00). | |
541 | - | ||
542 | 1091 | d. Any used motor vehicle dealer who, for the purpose of | |
543 | 1092 | being a rebuilder, applies for a rebuilder | |
544 | 1093 | certificate, as provided in Section 591.5 of this | |
545 | 1094 | title, whether as a new application or renewal, shall | |
546 | 1095 | procure and file with the Commission a good and | |
547 | 1096 | sufficient bond in the amount of Fifteen Thousand | |
548 | 1097 | Dollars ($15,000.00), in addition to any other bonds | |
549 | 1098 | required. | |
550 | - | ||
551 | 1099 | e. Each applicant for a manufactured home dealer's | |
552 | 1100 | license or a restricted manufactured home park | |
553 | 1101 | dealer's license shall procure and file with the | |
554 | 1102 | Commission a good and sufficient bond in the amount of | |
555 | 1103 | Thirty Thousand Dollars ($30,000.00). | |
556 | - | ||
557 | 1104 | f. Each manufactured home manufacturing facility selling | |
558 | 1105 | directly to a licensed manufactured home dealer or | |
559 | 1106 | restricted manufactured home park dealer in this state | |
560 | 1107 | shall procure and file with the Commission a good and | |
561 | 1108 | sufficient bond in the amount of Thirty Thousand | |
562 | 1109 | Dollars ($30,000.00). In addition to all other | |
563 | 1110 | conditions and requirements set forth herein, the bond | |
564 | 1111 | shall require the availability of prompt and full | |
565 | 1112 | warranty service by the manufacturer to comply with | |
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566 | 1139 | all warranties expressed or implied in connection with | |
567 | 1140 | each manufactured home which is manufactured for | |
568 | 1141 | resale or use in this state. A manufacturer may n ot | |
569 | 1142 | sell, exchange, or lease -purchase with an option to | |
570 | 1143 | own in any form a manufactured home to a person in | |
571 | 1144 | this state directly or indirectly through a | |
572 | 1145 | distributor or third party who is not a licensed | |
573 | 1146 | manufactured home dealer or a restricted manufactured | |
574 | 1147 | home park dealer. | |
575 | - | ||
576 | 1148 | g. The bond shall be approved as to form by the Attorney | |
577 | 1149 | General and conditioned that the applicant shall not | |
578 | 1150 | practice fraud, make any fraudulent representation, or | |
579 | 1151 | violate any of the provisions of this act in the | |
580 | 1152 | conduct of the business for which the applicant is | |
581 | 1153 | licensed. One of the purposes of the bond is to | |
582 | 1154 | provide reimbursement for any loss or damage suffered | |
583 | - | by any person by reason of | |
1155 | + | by any person by reason of issuance of a certificate | |
584 | 1156 | of title by a used motor vehicle dealer, a wholesale | |
585 | 1157 | used motor vehicle deal er, a restricted manufactured | |
586 | 1158 | home park dealer or a manufactured home dealer. | |
587 | - | ||
588 | 1159 | 2. The bonds as required by this section shall be maintained | |
589 | 1160 | throughout the period of licensure. Should the bond be canceled for | |
590 | 1161 | any reason, the license shall be revoked as of the date of | |
591 | 1162 | cancellation unless a new bond is furnished prior to such date. | |
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592 | 1188 | ||
593 | 1189 | F. Any used motor vehicle dealer or wholesale used motor | |
594 | 1190 | vehicle dealer is required to furnish and keep in force a minimum of | |
595 | 1191 | Twenty-five Thousand Dollars ($25,000.00) of single l iability | |
596 | 1192 | insurance coverage on all vehicles offered for sale or used in any | |
597 | 1193 | other capacity in demonstrating or utilizing the streets and | |
598 | 1194 | roadways in accordance with the financial responsibility laws of | |
599 | 1195 | this state. | |
600 | - | ||
601 | 1196 | G. Any manufactured home dealer or restri cted manufactured home | |
602 | 1197 | park dealer is required to furnish and keep in force a minimum of | |
603 | 1198 | One Hundred Thousand Dollars ($100,000.00) of garage liability or | |
604 | 1199 | general liability with products and completed operations insurance | |
605 | 1200 | coverage. | |
606 | - | ||
607 | 1201 | H. Any manufactured hom e installer is required to furnish and | |
608 | 1202 | keep in force a minimum of Twenty -five Thousand Dollars ($25,000.00) | |
609 | 1203 | of general liability with products and completed operations | |
610 | 1204 | insurance coverage. | |
611 | - | ||
612 | 1205 | SECTION 3. AMENDATORY 47 O.S. 2011, Sectio n 1110, as | |
613 | - | last amended by Section 1 of Enrolled House Bill No. 2056 of the 1st | |
614 | - | Session of the 58th Oklahoma Legislature, is amended to read as | |
615 | - | follows: | |
616 | - | ||
1206 | + | amended by Section 1, Chapter 224, O.S.L. 2015 (47 O.S. Supp. 2020, | |
1207 | + | Section 1110), is amended to read as follows: | |
617 | 1208 | Section 1110. A. 1. Except for a security interest in | |
618 | 1209 | vehicles held by a dealer for sale or lease, a vehicle registered by | |
619 | 1210 | a federally recognized Indian tribe as provided in subsection G of | |
620 | 1211 | this section, and a vehicle being registered in this state which was | |
621 | 1212 | previously registered in another state and which title contains the | |
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622 | 1239 | name of a secured party on the face of the other state ce rtificate | |
623 | 1240 | or title, and except as otherwise provided in subsection B of | |
624 | 1241 | Section 1105 of this title, a security interest in a vehicle as to | |
625 | 1242 | which a certificate of title may be properly issued by the Oklahoma | |
626 | 1243 | Tax Commission shall be perfected only when a lie n entry form, and | |
627 | 1244 | the existing certificate of title, if any, or application for a | |
628 | - | certificate of title and manufacturer | |
1245 | + | certificate of title and manufacturer's certificate of origin | |
629 | 1246 | containing the name and address of the secured party and the date of | |
630 | 1247 | the security agreement and the required fee are delivered to the Tax | |
631 | 1248 | Commission or to a motor license agent. As used in this section, | |
632 | 1249 | the term "dealer" shall be defined as provided in Section 1 -112 of | |
633 | 1250 | this title and the term "security interest" shall be defined as | |
634 | 1251 | provided in paragraph (35) of Sec tion 1-201 of Title 12A of the | |
635 | 1252 | Oklahoma Statutes. When a vehicle title is presented to a motor | |
636 | 1253 | license agent for transferring or registering and the documents | |
637 | - | reflect a lienholder, the motor license agent shall perfect the lien | |
638 | - | pursuant to subsection G of Section 1105 of this title. For the | |
639 | - | purposes of this section, the term "vehicle" shall not include | |
640 | - | special mobilized machine ry, machinery used in highway construction | |
641 | - | or road material construction and rubber -tired road construction | |
642 | - | vehicles including rubber -tired cranes. The filing and duration of | |
643 | - | perfection of a security interest, pursuant to the provisions of | |
644 | - | Title 12A of the Oklahoma Statutes, including, but not limited to, | |
645 | - | Section 1-9-311 of Title 12A of the Oklahoma Statutes, shall not be | |
646 | - | applicable to perfection of security interests in vehicles as to | |
1254 | + | reflect a lien holder lienholder, the motor license agent shall | |
1255 | + | perfect the lien pursuant to sub section G of Section 1105 of this | |
1256 | + | title. For the purposes of this section, the term "vehicle" shall | |
1257 | + | not include special mobilized machinery, machinery used in highway | |
1258 | + | construction or road material construction and rubber -tired road | |
1259 | + | construction vehicles i ncluding rubber-tired cranes. The filing and | |
1260 | + | duration of perfection of a security interest, pursuant to the | |
1261 | + | provisions of Title 12A of the Oklahoma Statutes, including, but not | |
1262 | + | limited to, Section 1 -9-311 of Title 12A of the Oklahoma Statutes, | |
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1289 | + | shall not be applicable to perfection of security interests in | |
1290 | + | vehicles as to which a certificate of title may be properly issued | |
1291 | + | by the Tax Commission, except as to vehicles held by a dealer for | |
1292 | + | sale or lease and except as provided in subsection D of this | |
1293 | + | section. In all other respects Title 12A of the Oklahoma Statutes | |
1294 | + | shall be applicable to such security interests in vehicles as to | |
647 | 1295 | which a certificate of title may be properly issued by the Tax | |
648 | - | Commission, except as to vehicles held by a dealer for sale or lease | |
649 | - | and except as provided in subsection D of this section. In all | |
650 | - | other respects Title 12A of the Oklahoma Statutes shall be | |
651 | - | applicable to such security interests in vehicles as to which a | |
652 | - | certificate of title may be properly issued by the Tax Commission. | |
653 | - | ||
1296 | + | Commission. | |
654 | 1297 | 2. Whenever a person creates a security interest in a vehi cle, | |
655 | 1298 | the person shall surrender to the secured party the certificate of | |
656 | 1299 | title or the signed application for a new certificate of title, on | |
657 | 1300 | the form prescribed by the Tax Commission, and the manufacturer's | |
658 | 1301 | certificate of origin. The secured party shall del iver the lien | |
659 | 1302 | entry form and the required lien filing fee within twenty -five (25) | |
660 | 1303 | days as provided hereafter with certificate of title or the | |
661 | 1304 | application for certificate of title and the manufacturer's | |
662 | 1305 | certificate of origin to the Tax Commission or to a mo tor license | |
663 | 1306 | agent. If the lien entry form, the lien filing fee and the | |
664 | 1307 | certificate of title or application for certificate of title and the | |
665 | 1308 | manufacturer's certificate of origin are delivered to the Tax | |
666 | 1309 | Commission or to a motor license agent within twenty -five (25) days | |
667 | 1310 | after the date of the lien entry form, perfection of the security | |
668 | 1311 | interest shall begin from the date of the execution of the lien | |
669 | 1312 | entry form, but otherwise, perfection of the security interest shall | |
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670 | 1339 | begin from the date of the delivery to the Tax Commission or to a | |
671 | 1340 | motor license agent. | |
672 | - | ENR. H. B. NO. 1153 Page 16 | |
673 | 1341 | 3. a. For each security interest recorded on a certificate | |
674 | 1342 | of title, or manufacturer's certificate of origin, | |
675 | 1343 | such person shall pay a fee of Ten Dollars ($10.00), | |
676 | 1344 | which shall be in addition to other fees provide d for | |
677 | 1345 | in the Oklahoma Vehicle License and Registration Act. | |
678 | 1346 | Upon the receipt of the lien entry form and the | |
679 | 1347 | required fees with either the certificate of title or | |
680 | 1348 | an application for certificate of title and | |
681 | 1349 | manufacturer's certificate of origin, a motor lic ense | |
682 | 1350 | agent shall, by placement of a clearly distinguishing | |
683 | 1351 | mark, record the date and number shown in a | |
684 | 1352 | conspicuous place, on each of these instruments. Of | |
685 | 1353 | the ten-dollar fee, the motor license agent shall | |
686 | 1354 | retain Two Dollars ($2.00) for recording the secur ity | |
687 | 1355 | interest lien. | |
688 | - | ||
689 | 1356 | b. It shall be unlawful for any person to solicit, accept | |
690 | 1357 | or receive any gratuity or compensation for acting as | |
691 | 1358 | a messenger and for acting as the agent or | |
692 | 1359 | representative of another person in applying for the | |
693 | 1360 | recording of a security inter est or for the | |
694 | 1361 | registration of a motor vehicle and obtaining the | |
695 | 1362 | license plates or for the issuance of a certificate of | |
1363 | + | ||
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696 | 1389 | title therefor unless the Tax Commission has appointed | |
697 | 1390 | and approved the person to perform such acts; and | |
698 | 1391 | before acting as a messenger, a ny such person shall | |
699 | 1392 | furnish to the Tax Commission a surety bond in such | |
700 | 1393 | amount as the Tax Commission shall determine | |
701 | 1394 | appropriate. | |
702 | - | ||
703 | 1395 | 4. The certificate of title or the application for certificate | |
704 | 1396 | of title and manufacturer's certificate of origin with the re cord of | |
705 | 1397 | the date of receipt clearly marked thereon shall be returned to the | |
706 | 1398 | debtor together with a notice that the debtor is required to | |
707 | 1399 | register and pay all additional fees and taxes due within thirty | |
708 | 1400 | (30) days from the date of purchase of the vehicle. | |
709 | - | ||
710 | 1401 | 5. Any person creating a security interest in a vehicle that | |
711 | 1402 | has been previously registered in the debtor's name and on which all | |
712 | 1403 | taxes due the state have been paid shall surrender the certificate | |
713 | 1404 | of ownership to the secured party. The secured party shall have the | |
714 | 1405 | duty to record the security interest as provided in this section and | |
715 | 1406 | shall, at the same time, obtain a new certificate of title which | |
716 | 1407 | shall show the secured interest on the face of the certificate of | |
717 | - | title. ENR. H. B. NO. 1153 Page 17 | |
718 | - | ||
1408 | + | title. | |
719 | 1409 | 6. The lien entry form with the date an d assigned number | |
720 | 1410 | thereof clearly marked thereon shall be returned to the secured | |
721 | 1411 | party. If the lien entry form is received and authenticated, as | |
722 | 1412 | herein provided, by a motor license agent, the agent shall make a | |
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723 | 1439 | report thereof to the Tax Commission upon t he forms and in the | |
724 | 1440 | manner as may be prescribed by the Tax Commission. | |
725 | - | ||
726 | 1441 | 7. The Tax Commission shall have the duty to record the lien | |
727 | 1442 | upon the face of the certificate of title issued at the time of | |
728 | 1443 | registering and paying all fees and taxes due on the vehicl e. | |
729 | - | ||
730 | - | 8. When there is an active lien from a commercial lender in | |
731 | - | place on a vehicle, motor license agents shall be prohibited from | |
732 | - | transferring the certificate of title on that vehicle until the lien | |
733 | - | is satisfied. | |
734 | - | ||
735 | 1444 | B. 1. A secured party shall, within seven (7) business days | |
736 | 1445 | after the satisfaction of the security interest, furnish directly or | |
737 | 1446 | by mail a release of a security interest to the Tax Commission and | |
738 | 1447 | mail a copy thereof to the last -known address of the de btor. If the | |
739 | 1448 | security interest has been satisfied by payment from a licensed used | |
740 | 1449 | motor vehicle dealer to whom the motor vehicle has been transferred, | |
741 | 1450 | the secured party shall also, within seven (7) business days after | |
742 | 1451 | such satisfaction, mail an additional copy of the release to the | |
743 | 1452 | dealer. If the secured party fails to furnish the release as | |
744 | 1453 | required, the secured party shall be liable to the debtor for a | |
745 | 1454 | penalty of One Hundred Dollars ($100.00). Following the seven (7) | |
746 | 1455 | business days after satisfaction of the lien and upon receipt by the | |
747 | 1456 | lienholder of written communication demanding the release of the | |
748 | 1457 | lien, thereafter the penalty shall increase to One Hundred Dollars | |
749 | 1458 | ($100.00) per day for each additional day beyond seven (7) business | |
750 | 1459 | days until accumulatin g to One Thousand Five Hundred Dollars | |
751 | 1460 | ($1,500.00) or the value of the vehicle, whichever is less, and, in | |
752 | 1461 | addition, any loss caused to the debtor by such failure. | |
753 | 1462 | ||
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754 | 1488 | 2. Upon release of a security interest the owner may obtain a | |
755 | 1489 | new certificate of title omit ting reference to the security | |
756 | 1490 | interest, by submitting to the Tax Commission or to a motor license | |
757 | 1491 | agent: | |
758 | - | ||
759 | 1492 | a. a release signed by the secured party, an application | |
760 | 1493 | for new certificate of title and the proper fees, or | |
761 | - | ENR. H. B. NO. 1153 Page 18 | |
762 | 1494 | b. by submitting to the Tax Commission o r the motor | |
763 | 1495 | license agent an affidavit, supported by such | |
764 | 1496 | documentation as the Tax Commission may require, by | |
765 | 1497 | the owner on a form prescribed by the Tax Commission | |
766 | 1498 | stating that the security interest has been satisfied | |
767 | 1499 | and stating the reasons why a release c annot be | |
768 | 1500 | obtained, an application for a new certificate of | |
769 | 1501 | title and the proper fees. | |
770 | - | ||
771 | 1502 | Upon receiving such affidavit that the security interest has been | |
772 | 1503 | satisfied, the Tax Commission shall issue a new certificate of title | |
773 | 1504 | eliminating the satisfied security interest and the name and address | |
774 | 1505 | of the secured parties who have been paid and satisfied. The Tax | |
775 | 1506 | Commission shall accept a release of a security interest in any form | |
776 | 1507 | that identifies the debtor, the secured party, and the vehicle, and | |
777 | 1508 | contains the signature of the secured party. The Tax Commission | |
778 | 1509 | shall not require any particular form for the release of a security | |
779 | 1510 | interest. | |
780 | 1511 | ||
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781 | 1537 | The words "security interest" when used in the Oklahoma Vehicle | |
782 | 1538 | License and Registration Act do not include liens dependent upon | |
783 | 1539 | possession. | |
784 | - | ||
785 | 1540 | C. The Tax Commission shall file and index certificates of | |
786 | 1541 | title so that at all times it will be possible to trace a | |
787 | 1542 | certificate of title to the vehicle designated therein, identify the | |
788 | 1543 | lien entry form, and the names and addresses of secured part ies, or | |
789 | 1544 | their assignees, so that all or any part of such information may be | |
790 | 1545 | made readily available to those who make legitimate inquiry of the | |
791 | 1546 | Tax Commission as to the existence or nonexistence of security | |
792 | 1547 | interest in the vehicle. | |
793 | - | ||
794 | 1548 | D. 1. Any security inte rest in a vehicle properly perfected | |
795 | 1549 | prior to July 1, 1979, may be continued as to its effectiveness or | |
796 | - | duration as provided by Sections 1-9-510 and 1-9-515 of | |
797 | - | the Oklahoma Statutes, or may be terminated, assigned | |
798 | - | ||
799 | - | the Oklahoma Statutes, as fully as if this section had | |
800 | - | enacted, or, at the option of the secured party, may also | |
801 | - | perfected under this section, and, if so perfected, the time of | |
1550 | + | duration as provided by Sections 1-9-501 1-9-510 and 1-9-515 of | |
1551 | + | Title 12A of the Oklahoma Statutes, or may be terminated, assigned | |
1552 | + | or released as provid ed by Sections 1-9-512, 1-9-513 and 1-9-514 of | |
1553 | + | Title 12A of the Oklahoma Statutes, as fully as if this section had | |
1554 | + | not been enacted, or, at the option of the secured party, may also | |
1555 | + | be perfected under this section, and, if so perfected, the time of | |
802 | 1556 | perfection under this section shall be the date the security | |
803 | 1557 | interest was originally perfected under the prior law. | |
1558 | + | 2. Upon request of the secured party, the debtor or any other | |
1559 | + | holder of the certificate of title shall surrender the certificate | |
804 | 1560 | ||
805 | - | 2. Upon request of the secured party, the debtor or any other | |
806 | - | holder of the certificate of title shall surrender the certificate ENR. H. B. NO. 1153 Page 19 | |
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807 | 1586 | of title to the secured party and shall do such other acts as may be | |
808 | 1587 | required to perfect the security interest under this section. | |
809 | - | ||
810 | 1588 | E. If a manufactured home is permanently affixed to real | |
811 | 1589 | estate, the original document an Oklahoma certificate of title may | |
812 | 1590 | be surrendered to the Tax Commission or a motor license agent for | |
813 | 1591 | cancellation. When the document of title is surrendered, the owner | |
814 | 1592 | shall provide the legal description or the appropriate tract or | |
815 | 1593 | parcel number of the real estate and other information as may be | |
816 | 1594 | required on a form provided by the Tax Commission. The Tax | |
817 | 1595 | Commission may not cancel a document of title if a lien has been | |
818 | 1596 | registered or recorded. The Tax Commission or motor license agent | |
819 | 1597 | shall notify the owner and any lienholder that the title has been | |
820 | 1598 | surrendered to the Tax Commission and that the Tax Commission may | |
821 | 1599 | not cancel the title until the lien is released. Such notification | |
822 | 1600 | shall include a description of the lien and such notification to the | |
823 | 1601 | owner shall be accompanied by the return of title surrendered . | |
824 | 1602 | Permanent attachment to real estate does not affect the validity of | |
825 | 1603 | a lien recorded or registered with the Tax Commission before the | |
826 | - | document of title is canceled pursuant to this section. | |
827 | - | of a prior lienholder pursuant to a | |
828 | - | provisions of a credit transaction and the rights of the state | |
1604 | + | document of title is cancelled canceled pursuant to this section. | |
1605 | + | The rights of a prior lienholder pursuant to a securi ty agreement or | |
1606 | + | the provisions of a credit transaction and the rights of the state | |
829 | 1607 | pursuant to a tax lien are preserved. The Tax Commission or motor | |
830 | 1608 | license agent shall forward the information to the county assessor | |
831 | 1609 | of the county where the real estate is located and indicate whether | |
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1611 | + | ENGR. H. B. NO. 1153 Page 31 1 | |
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832 | 1636 | the original document of title has been canceled. A fee of Five | |
833 | 1637 | Dollars ($5.00) shall accompany the application for cancellation of | |
834 | 1638 | title. When the fee is paid by a person making an application | |
835 | 1639 | directly with the Tax Commissio n, the fee shall be deposited in the | |
836 | 1640 | Oklahoma Tax Commission Revolving Fund. A fee paid to a motor | |
837 | 1641 | license agent shall be retained by the agent. The owner of a | |
838 | - | manufactured home upon which the document of title has been properly | |
839 | - | surrendered, may apply to the Tax Commission for issuance of a new | |
840 | - | original certificate of title upon submission of: | |
841 | - | ||
842 | - | 1. An attestation from the homeowner indicating ownership of | |
843 | - | the manufactured home and th e nonexistence of any security interest | |
844 | - | or lien of record in the manufactured home ; and | |
845 | - | ||
1642 | + | manufactured home, upon which the document of title has been | |
1643 | + | properly surrendered, may apply t o the Tax Commission for issuance | |
1644 | + | of a new original certificate of title upon submission of: | |
1645 | + | (1) an 1. An attestation from the homeowner indicating | |
1646 | + | ownership of the manufactured home and the nonexistence of any | |
1647 | + | security interest or lien of record in the manufactured home,; and | |
1648 | + | (2) a | |
846 | 1649 | 2. A title opinion by a licensed attorney, determining that the | |
847 | 1650 | owner of the manufactured home has marketable title to the real | |
848 | 1651 | property upon which the manufactured home is located and that no | |
849 | 1652 | documents filed of record in th e county clerk's office concerning | |
850 | 1653 | the real property contain a mortgage, recorded financial statement, | |
851 | - | judgment, or lien of record. Persons or entities to whom the title | |
1654 | + | judgment, or lien of record. Persons or entities to whom the title | |
852 | 1655 | opinion is addressed may rely on the title opinion . A security | |
853 | 1656 | interest in a manufac tured home perfected pursuant to this section | |
854 | 1657 | shall have priority over a conflicting interest of a mortgagee or | |
855 | 1658 | other lien encumbrancer, or the owner of the real property upon | |
856 | 1659 | which the manufactured home became affixed or otherwise permanently | |
1660 | + | ||
1661 | + | ENGR. H. B. NO. 1153 Page 32 1 | |
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857 | 1686 | attached. The holder of the security interest in the manufactured | |
858 | 1687 | home, upon default, may remove the manufactured home from such real | |
859 | 1688 | property. The holder of the security interest in the manufactured | |
860 | 1689 | home shall reimburse the owner of the real property who is not the | |
861 | 1690 | debtor and who has not otherwise agreed to access the real property | |
862 | 1691 | for the cost of repair of any physical injury to the real property, | |
863 | 1692 | but shall not be liable for any diminution in value to the real | |
864 | 1693 | property caused by the removal of the manufactured home , trespass, | |
865 | 1694 | or any other damages caused by the removal. The debtor shall notify | |
866 | 1695 | the holder of the security interest in the manufactured home of the | |
867 | 1696 | street address, if any, and the legal description of the real | |
868 | 1697 | property upon which the manufactured home is affixed or otherwise | |
869 | 1698 | permanently attached and shall sign such other documents, including | |
870 | 1699 | any appropriate mortgage, as may reasonably be requested by the | |
871 | 1700 | holder of such security interest. | |
872 | - | ||
873 | 1701 | F. In the case of motor vehicles or trailers, notwithstanding | |
874 | 1702 | any other provision of law, a transaction does not create a sale or | |
875 | 1703 | security interest merely because it provides that the rental price | |
876 | 1704 | is permitted or required to be adjusted under the agreement either | |
877 | 1705 | upward or downward by reference to the amount realized upon sale or | |
878 | 1706 | other disposition of the motor vehicle or trailer. | |
879 | - | ||
880 | 1707 | G. A security interest in vehicles registered by a federally | |
881 | 1708 | recognized Indian tribe shall be deemed valid under Oklahoma law if | |
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1734 | + | ||
882 | 1735 | validly perfected under the applicable tribal law and the lien is | |
883 | 1736 | noted on the face of the tribal certificate of title. | |
884 | - | ||
885 | 1737 | SECTION 4. AMENDATORY 68 O.S. 2011, Section 2812, is | |
886 | 1738 | amended to read as follows: | |
887 | - | ||
888 | 1739 | Section 2812. A. Subject to the provisions of subsection B of | |
889 | 1740 | Section 2813 of this title, a ma nufactured home which is located on | |
890 | 1741 | land owned by the owner of the manufactured home shall be listed and | |
891 | 1742 | assessed in the county in which it is located for ad valorem | |
892 | 1743 | taxation as is real property pursuant to the provisions of the Ad | |
893 | 1744 | Valorem Tax Code. The p erson owning and residing in such | |
894 | 1745 | manufactured home may apply for homestead exemption. The county | |
895 | 1746 | assessor shall approve the application of such person if all | |
896 | - | requirements of law for such exem ption have been met. ENR. H. B. NO. 1153 Page 21 | |
897 | - | ||
1747 | + | requirements of law for such exemption have been met. | |
898 | 1748 | B. A manufactured home which is located o n land not owned by | |
899 | 1749 | the owner of the manufactured home shall be listed and assessed in | |
900 | 1750 | the county in which it is located for ad valorem taxation as is | |
901 | 1751 | personal property pursuant to the provisions of the Ad Valorem Tax | |
902 | 1752 | Code. | |
903 | - | ||
904 | 1753 | C. Each year that a manufacture d home is subject to ad valorem | |
905 | 1754 | taxes as provided by law, the county assessor and the county | |
906 | 1755 | treasurer shall transmit the information relating to ad valorem tax | |
907 | 1756 | payment to the Oklahoma Tax Commission , which shall identify the | |
908 | 1757 | manufactured home and record t he payment in the computer data system | |
909 | 1758 | provided for by Section 1113 of Title 47 of the Oklahoma Statutes. | |
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910 | 1785 | The county assessor and treasurer of each county shall provide such | |
911 | 1786 | information as may be required in order to implement the provisions | |
912 | 1787 | of this section. | |
913 | - | ||
914 | 1788 | SECTION 5. This act shall become effective November 1, 2021. | |
915 | - | ENR. H. B. NO. 1153 Page 22 | |
916 | - | Passed the House of Representatives the 28th day of April, 2021. | |
1789 | + | Passed the House of Representatives the 1st day of March, 2021. | |
917 | 1790 | ||
918 | 1791 | ||
919 | 1792 | ||
920 | 1793 | ||
921 | 1794 | Presiding Officer of the House | |
922 | 1795 | of Representatives | |
923 | 1796 | ||
924 | 1797 | ||
925 | - | Passed the Senate the | |
1798 | + | Passed the Senate the ___ day of __________, 2021. | |
926 | 1799 | ||
927 | 1800 | ||
928 | 1801 | ||
929 | 1802 | ||
930 | 1803 | Presiding Officer of the Senate | |
931 | 1804 | ||
932 | 1805 | ||
933 | 1806 | ||
934 | - | OFFICE OF THE GOVERNOR | |
935 | - | Received by the Office of the Governor this ____________________ | |
936 | - | day of ___________________, 20_______, at _______ o'clock _____ __ M. | |
937 | - | By: _________________________________ | |
938 | - | Approved by the Governor of the State of Oklahoma this _________ | |
939 | - | day of ___________________, 20_______, at _______ o'clock _______ M. | |
940 | - | ||
941 | - | ||
942 | - | _________________________________ | |
943 | - | Governor of the State of Oklahoma | |
944 | - | ||
945 | - | OFFICE OF THE SECRETARY OF STATE | |
946 | - | Received by the Office of the Secretary of State this __________ | |
947 | - | day of ___________________, 20_______, at _______ o'clock _______ M. | |
948 | - | By: _________________________________ | |
949 | - |