AN ACT TO EXTEND DEADLINES RELATED TO LOANER DEALER REGISTRATION PLATES AND DEALER DATA REQUIREMENTS AND TO INCLUDE OUT-OF-STATE TITLES IN THE TITLE IN TRANSIT PROCESS.
Senate committee substitute to the 2nd edition makes the following changes. Deletes the content of the previous edition and replaces it with the following.
Amends GS 20-79.02(g) to extend from January 1, 2021, to January 1, 2025, the date before which new motor vehicle dealers may, but are not required to, display LD license plates on service loaner vehicles. Further amends GS 20-79.02(g) to extend from January 1, 2021, to January 1, 2025, the deadline by which new motor vehicle dealers must display LD license plates on any new motor vehicles placed into service as loaners if the dealers receive compensation from manufacturers, factory branches, distributors, distributor branches, or the dealers’ customers for using the vehicles as service loaners.
Extends the expiration date of Section 1.1 of SL 2015-232 from December 31, 2020, to December 31, 2024. Section 1.1 of SL 2015-232 amended the definition of U-drive-it vehicles in GS 20-4.01(48a) to include vehicles loaned by franchised motor vehicle dealers, with or without charge, to customers having vehicles serviced or repaired by the dealers.
Extends the expiration date of Section 1.4 of SL 2015-232 from December 31, 2020, to December 31, 2024. Section 1.4 of SL 2015-232 amended GS 20-79(d) to clarify that a franchised motor dealer is not prohibited from using demonstration permits by the dealer’s receipt of (i) incentive or warranty compensation or other consideration from a manufacturer, factory branch, distributor, distributor branch or (ii) a third-party warranty, maintenance, or service contract company relating to the use of vehicles as demonstrators or service loaners.
Changes the effective date of Section 7 of SL 2019-125 from October 1, 2020, to May 1, 2021. Section 7 of SL 2019-125 added various provisions to GS 20-305.7 concerning the ownership, use, and protection of dealership data.
Amends GS 20-52.1(d) and GS 20-72(b) by deleting the words “currently titled in this state” from each statute’s description of the circumstances in which a motor vehicle dealer may transfer title to a vehicle when a manufacturer’s statement of origin or an existing certificate of title on the vehicle is unavailable.
Makes conforming changes to the act’s titles.
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