HB448 Alabama 2011 Session

Summary

Primary Sponsor

Mike Hill

Republican

Session

Regular Session 2011

Title

Used motor vehicle dealer, licensing of, definition to include credit unions and licensees of State Banking Department, Sec. 40-12-390 am'd.

Summary

HB448 would exempt credit unions and State Banking Department licensees from needing a used motor vehicle dealer license.

What This Bill Does

It amends the licensing rules for used motor vehicles by adding exemptions. Specifically, banks, credit unions, and licensees of the State Banking Department, along with certain finance companies that acquire vehicles as part of their regular business, would not be considered used motor vehicle dealers for licensing purposes. As a result, these entities would not be required to obtain a used motor vehicle dealer license when dealing with used vehicles.

Who It Affects

• Credit unions in Alabama would not be required to obtain a used motor vehicle dealer license when buying or selling used vehicles.
• Licensees of the Alabama State Banking Department (including banks and similar financial entities) would not be required to obtain a used motor vehicle dealer license for their used-vehicle activities.

Key Provisions

• Amends Section 40-12-390 to define 'used motor vehicle dealer' in a way that excludes banks, credit unions, licensees of the State Banking Department, and certain finance companies that acquire motor vehicles incident to their regular business from licensing as used motor vehicle dealers.
• Effective date: the act becomes law immediately after its passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Motor Vehicles