Bill Text | History of Actions | Background | Title |
Description: Motor vehicles; require licensing and regulation of motor vehicle repossessions.
Bill Text: [Introduced]
| 1 | 02/23 (S) Referred To Business and Financial Institutions | |
| 2 | 03/09 (S) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Huggins
Title: AN ACT TO PROVIDE FOR THE LICENSING AND REGULATION OF PERSONS WHO ENGAGE IN THE BUSINESS OF REPOSSESSING MOTOR VEHICLES; TO EXEMPT CERTAIN INDIVIDUALS FROM THE PROVISIONS OF THIS ACT; TO PROVIDE THAT THE SECRETARY OF STATE SHALL ADMINISTER THIS ACT; TO PROVIDE FOR APPLICATIONS FOR LICENSES UNDER THIS ACT; TO PROVIDE FOR THE MINIMUM REQUIREMENTS FOR LICENSING UNDER THIS ACT; TO PROVIDE FOR THE INVESTIGATION OF APPLICANTS BY THE SECRETARY OF STATE; TO REQUIRE AGENCIES LICENSED UNDER THIS ACT TO MAINTAIN CERTAIN GENERAL LIABILITY INSURANCE COVERAGE; TO PROVIDE FOR THE FORM OF THE LICENSE AND IDENTITY CARDS; TO PROVIDE FOR THE RENEWAL AND CANCELLATION OF LICENSES; TO AUTHORIZE LICENSEES TO SPONSOR INTERNS; TO ESTABLISH A SPECIAL FUND IN THE STATE TREASURY INTO WHICH FEES COLLECTED UNDER THIS ACT SHALL BE DEPOSITED; TO PROVIDE THAT THE MONEY IN THE FUND SHALL BE APPROPRIATED TO THE SECRETARY OF STATE FOR THE ADMINISTRATION OF THIS ACT; TO PROVIDE THE GROUNDS FOR DISCIPLINARY ACTION BY THE SECRETARY OF STATE; TO PROVIDE PENALTIES FOR VIOLATIONS OF THIS ACT; TO PROVIDE FOR THE TYPES OF LICENSES THAT MAY BE ISSUED UNDER THIS ACT; TO ESTABLISH THE FEES FOR SUCH LICENSES; TO REQUIRE AN INVENTORY OF PERSONAL PROPERTY FOUND IN REPOSSESSED VEHICLES; AND FOR RELATED PURPOSES.
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2004/html/History/SB/SB2928.htm