Bill > SB641

This bill establishes the Oklahoma Motor Vehicle Consumer Protection Act, which introduces new regulations for auto body repair shops and insurance companies. The bill defines key terms such as "administrative charges" (which include various costs like file creation, repair orders, vehicle identification, and communication) and sets specific guidelines for labor rates and storage fees. It caps administrative charges for total loss vehicles at the prevailing market hourly rate, limited to four hours of billing, and establishes maximum daily storage rates of $39 for most vehicles in the first ten days, with potential increases to $75 after that period. For vehicles with lithium-ion batteries that have sustained damage, different rates apply, starting at $125 per day and potentially increasing to $200. The bill requires auto body repair shops to provide written invoices within eight business hours and allows the Oklahoma Insurance Department to adjust storage rates annually based on the Consumer Price Index. The legislation aims to provide more transparency and protection for consumers in motor vehicle repair and insurance processes, with an effective date of November 1, 2025.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb641&Session=2600