Bill > SB529

This bill amends Oklahoma's laws regarding motor vehicle dealers by creating a new category of "used powersports vehicle dealers" and expanding the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission's regulatory authority to include this new type of dealer. Specifically, the bill defines used powersports vehicles as motorcycles, scooters, mopeds, all-terrain vehicles, and utility vehicles that must be registered under the state's vehicle registration laws (excluding off-road vehicles sold by retail implement dealers). The bill establishes licensing requirements for used powersports vehicle dealers, including a license fee of $500 for the initial license and $250 for renewals, mandates a $25,000 surety bond, and requires dealers to maintain liability insurance. The legislation also adds used powersports vehicle dealers to the commission's oversight, allowing the commission to inspect their businesses, investigate complaints, and take disciplinary action for violations such as fraud or misrepresentation. The bill, nicknamed "Cody's Law," will become effective on November 1, 2025, and aims to provide additional consumer protection and regulation for the sale of powersports vehicles in Oklahoma.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb529&Session=2600