Source: http://www.wvlegislature.gov/bill_status/bills_text.cfm?billdoc=HB4364%20SUB.htm&yr=2008&sesstype=RS&i=4364
Timestamp: 2018-02-22 23:24:58
Document Index: 167650276

Matched Legal Cases: ['§17', '§17', '§17', '§17', '§17', '§17']

Committee Substitute House Bill 4364 History
HB4364 SUB
A BILL to amend and reenact §17A-6-1b, §17A-6-2a, §17A-6-4, §17A-6-7 and §17A-6-15 of the Code of West Virginia, 1931, as amended; and to amend and reenact §17A-6E-2 of said code, all relating to motor vehicle dealers generally; allowing the Commissioner of the Division of Motor Vehicles to enter into agreements with other states to allow out-of-state dealers to issue vehicle registrations; expanding authority of dealer recovery fund control board to consider claims against the fund; increasing minimum bond requirement for certain dealers from ten thousand dollars to twenty-five thousand dollars; establishing minimum number of sales by a dealer prior to renewal of a dealer's license and opportunity for appeal; exempting salespersons employed by dealers selling commercial vehicles, financial institutions and auctions from the requirement to obtain a salesperson license; requirements for issuing temporary registration plates; and authorizing the commissioner to require participation in an electronic temporary plates or markers program as a precondition for issuance of temporary plates.
MOTOR VEHICLE ADMINISTRATION, REGISTRATION, CERTIFICATE OF
TITLE, AND ANTITHEFT PROVISIONS.
(5) Claims submitted by the Division of Motor Vehicles, a retail purchaser or a motor vehicle dealer contributing to the fund, not authorized by subdivisions (1) through (4) of this subsection, but otherwise payable under the bond described in section four of this article, may be considered for payment by the board up to the amount of fifty thousand dollars for each licensing year the West Virginia dealer that is the subject of the complaint did not maintain the bond : Provided, That the board may not consider claims submitted by or on behalf of a financial institution for money owed by a dealer upon a loan to a dealer or credit extended to a dealer that is secured by a lien upon the inventory of the dealer, commonly referred to as a floor planner.
(a) Every license certificate issued in accordance with the provisions of this article shall, unless sooner suspended or revoked, expire on the thirtieth day of June next following the issuance thereof.
(b) A license certificate may be renewed each year in the same manner, for the same fee as prescribed in section ten of this article and upon the same basis as an original license certificate is issued under section six of this article: Provided, That the commissioner may not renew the license of any new or used motor vehicle dealer who has sold less than eighteen vehicles during the preceding year subject to the following: