Bill > SB2569

This bill defines "curbstoning" as the illegal practice of selling or offering to sell motor vehicles by individuals who are not licensed 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 is currently titled in the name of a licensed motor vehicle dealer. 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, with a majority going to the seizing entity and portions to the state's general fund and consumer education programs. Furthermore, it establishes engaging in curbstoning as a reason for a licensed dealer to lose their license.