Bill Text: VA SB296 | 2014 | Regular Session | Chaptered
Bill Title: Motor Vehicle Dealer Board, motor vehicle dealers, and T&M vehicle dealers; efficiency of operation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2014-04-06 - Governor: Acts of Assembly Chapter text (CHAP0695) [SB296 Detail]
Download: Virginia-2014-SB296-Chaptered.html
Be it enacted by the General Assembly of Virginia: 1. That §§46.2-1503, 46.2-1508, 46.2-1519, 46.2-1527.1, 46.2-1908, and 46.2-1919 of the Code of Virginia are amended and reenacted as follows: §46.2-1503. Motor Vehicle Dealer Board. A. The Motor Vehicle Dealer Board is hereby created. The Board shall consist of 19 members appointed by the Governor, subject to confirmation by the General Assembly. Every member appointed by the Governor must be a citizen of the United States and must be a resident of Virginia. The Governor may remove any member as provided in subsection B of §2.2-108. The initial terms of eight of the members appointed in July of 1995 shall commence when appointed and shall be for terms ending on June 30, 1997. Nine members shall be appointed for four-year terms. The members shall be at-large members and, insofar as practical, should reflect fair and equitable statewide representation. B. Nine members shall be licensed franchised motor vehicle
dealers who have been licensed as such for at least two years prior to being
appointed by the Governor and seven members shall be licensed independent motor
vehicle dealers who (i) have been licensed as such for at least two years prior
to being appointed by the Governor and (ii) are not also franchised motor
vehicle dealers. One of the independent dealers appointed to the Board shall be
a licensed motor vehicle dealer primarily engaged in the business of renting
vehicles, and one shall be a licensed independent dealer primarily engaged in
the motor vehicle salvage business. C. Appointments shall be for terms of four years, and no
person other than the Commissioner of the Department of Motor Vehicles D. The Commissioner of the Department of Motor Vehicles E. Members of the Board shall be reimbursed their actual and necessary expenses incurred in carrying out their duties, such reimbursement to be paid from the special fund referred to in §46.2-1520. §46.2-1508. Licenses required. It shall be unlawful for any person to engage in business in
the Commonwealth as a motor vehicle dealer or salesperson without first
obtaining a license as provided in this chapter. It shall be unlawful for any
person to engage in business in the Commonwealth as a manufacturer, factory
branch, distributor, distributor branch, or factory or distributor
representative without first obtaining a license as provided in Chapter 19 (§
46.2-1900 et seq.) of this title. Any nonprofit organization exempt from
taxation under §501 (c) (3) of the Internal Revenue Code, after having
obtained a nonprofit organization certificate as provided in this chapter, may
consign donated motor vehicles to licensed Virginia motor vehicle dealers. Any
person licensed in another state as a motor vehicle dealer may sell motor
vehicles at wholesale auctions in the Commonwealth after having obtained a
certificate of dealer registration as provided in Violation of any provision of this section shall constitute a Class 1 misdemeanor. §46.2-1519. License and registration fees; additional to other licenses and fees required by law. A. The fee for each license and registration year or part thereof shall be determined by the Board, subject to the following: 1. For motor vehicle dealers, not more than $300 for each principal place of business, plus not more than $40 for each supplemental license. 2. For motor vehicle salespersons, not more than $50. 3. For motor vehicle dealers licensed in other states, but not in Virginia, not more than $100. The determination of fees by the Board under this subsection shall not be subject to the provisions of the Administrative Process Act (§2.2-4000 et seq.). B. The licenses, registrations, and fees required by this chapter are in addition to licenses, taxes, and fees imposed by other provisions of law and nothing contained in this chapter shall exempt any person from any license, tax, or fee imposed by any other provision of law. C. The fee for issuance to a nonprofit organization of a certificate pursuant to subsection B of §46.2-1508.1 shall be $25 per year or any part thereof. D. No nonprofit organization granted a certificate pursuant to subsection B of §46.2-1508.1 shall, either orally or in writing, assign a value to any donated vehicle for the purpose of establishing tax deduction amounts on any federal or state income tax return. E. The Board may authorize discounts and other incentives to encourage licensees to conduct transactions with the Board (i) by means of electronic technologies and (ii) for multi-year periods. F. The fee for reprinting licenses, certificates, and registrations shall be $10 for each reprint. G. The fee for reinstating a license, certificate, or registration that has been suspended shall be $50. §46.2-1527.1. Motor Vehicle Transaction Recovery Fund established. All fees in this article shall be deposited in the Motor Vehicle Transaction Recovery Fund, hereinafter referred to in this article as "the Fund." The Fund shall be a special fund in the state treasury to pay claims against the Fund and for no other purpose, provided that any such payment does not result in a negative balance of the Fund, except the Board may expend moneys for the administration of this article up to the maximum amount authorized for consumer assistance in the general appropriation act, provided the amount expended for administration does not result in a balance of the Fund of less than $250,000. The Fund shall be used to satisfy unpaid judgments, as provided for in §46.2-1527.3. Any interest income shall accrue to the Fund. The Board shall maintain an accurate record of all transactions involving the Fund. The Board may levy a special assessment on all dealers participating in the Fund to pay claims against the Fund and to maintain a minimum Fund balance that is in its judgment adequate. The Board may choose to await a positive balance in the Fund to pay claims ready for payment in chronological order, provided such claims do not go unpaid for more than 60 days. Every applicant renewing a motor vehicle dealer's license shall pay, in addition to other license fees, an annual Fund fee of $100, and every applicant for a motor vehicle salesperson's license shall pay, in addition to other license fees, an annual Fund fee of $10, prior to license issue. However, annual Fund renewal fees from salespersons shall not exceed $100 per year from an individual dealer. These fees shall be deposited in the Motor Vehicle Transaction Recovery Fund. Applicants for an original motor vehicle dealer's license
shall pay an annual Fund fee of In addition to the In addition to other license fees, applicants for an original Certificate of Dealer Registration or its renewal shall pay a Fund fee of $60. The Board may suspend or reinstate collection of Fund fees. The provisions of this section shall not apply to manufactured home dealers as defined in §36-85.16, T&M vehicle dealers as defined in § 46.2-1900, trailer dealers as defined in §46.2-1992, motorcycle dealers as defined in §46.2-1993, and nonprofit organizations issued certificates pursuant to subsection B of §46.2-1508.1. The provisions of this section shall not apply to applicants for the renewal of a motor vehicle dealer's license where such applicants have not been the subject of a claim against a bond issued pursuant to §46.2-1527.2 or against the Fund for three years and such applicants elect to maintain continuous bonding pursuant to Article 3.2 (§46.2-1527.9 et seq.). Such applicants shall not participate in the Fund and shall be exempt from the payment of any Fund fees. §46.2-1908. Licenses required. It shall be unlawful for any person to engage in business in
the Commonwealth as a T&M vehicle dealer, salesperson, manufacturer,
factory branch, distributor, distributor branch, or factory or distributor
representative or as a motor vehicle manufacturer, factory branch, distributor,
distributor branch, or factory or distributor representative as defined in §
46.2-1500, without first obtaining a license as provided in this chapter. Every
person licensed as a manufactured home dealer under Chapter 4.2 (§36-85.16 et
seq.) of Title 36 shall obtain a certificate of dealer registration as provided
in this chapter. Any person licensed in another state as a Violation of any provision of this section shall constitute a Class 1 misdemeanor. §46.2-1919. License and registration fees; additional to other licenses and fees required by law. A. The fee for each license and registration year or part thereof shall be as follows: 1. For T&M vehicle dealers, $100 for each principal place of business, plus $20 for each supplemental license. 2. For T&M and motor vehicle manufacturers, distributors, and each factory branch and distributor branch, $100. 3. For T&M and motor vehicle rebuilder salespersons, factory representatives, and distributor representatives, $10. 4. For 5. For manufactured home dealers, a registration fee of $50. B. The licenses, registrations, and fees required by this chapter are in addition to licenses, taxes, and fees imposed by other provisions of law and nothing contained in this chapter shall exempt any person from any license, tax, or fee imposed by any other provision of law. However, the Commissioner may waive fees for those licensed under Chapter 15 (§ 46.2-1500 et seq.), 19.1 (§46.2-1992 et seq.), or 19.2 (§46.2-1993 et seq.); the Commissioner shall waive the fee for nonprofit organizations certified under Chapter 15, 19.1, or 19.2. C. The fee for any nonprofit organization issued a certificate pursuant to §46.2-1908.1 shall be $25 per year or any part thereof. D. No nonprofit organization granted a certificate pursuant to §46.2-1908.1 shall, either orally or in writing, assign a value to any donated vehicle for the purpose of establishing tax deduction amounts on any federal or state income tax return. E. The fee for reprinting licenses, certificates, and registrations shall be $10 for each reprint. F. The fee for reinstating a license, certificate, or registration that has been suspended shall be $50. |