Bill > HB2388

This bill defines "curbstoning" as the illegal practice of selling or offering to sell motor vehicles by individuals who are not licensed as motor vehicle dealers and whose names do not appear on the vehicle's title, or by anyone selling more than five vehicles in a twelve-month period. It also clarifies that a "closed title" means the vehicle's title is in the dealer's name. The bill allows state entities to seize vehicles involved in curbstoning schemes, making them subject to forfeiture, and outlines how the revenue from the sale of forfeited vehicles will be distributed among the seizing entity, the state's general fund, and a consumer affairs division for educational purposes. Furthermore, it amends existing laws to include curbstoning as a violation for licensed dealers and to ensure proper documentation for vehicles not holding a closed title.