2001 House Bill 5364 ↩

House Roll Call 684: Passed

To require a person who buys or sells five or more vehicles in a year to obtain an auto dealer license, unless the person demonstrates he or she is not “in the business” of buying and selling cars (is not a "curbside" auto dealer). Financial institutions, insurers, rental companies, and companies that lease fleets of 5 or more semitrailers would be exempt from auto dealer licensure. The bill authorizes fines of up to $5,000 for a first violation, and $7,500 for subsequent violations within seven years. See also House Bill 5366.