HB213 Alabama 2012 Session

Updated Feb 27, 2026

Low Interest

Summary

Primary Sponsor: Dexter Grimsley
Democrat
Session: Regular Session 2012
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: HB213 amends the licensing rules for used motor vehicle dealers to exclude banks, credit unions, State Banking Department licensees, and certain finance companies from needing a used motor vehicle dealer license.
What This Bill Does
It updates the definition of 'used motor vehicle dealer' to exclude banks, credit unions, licensees of the State Banking Department, and finance companies that acquire motor vehicles as part of their regular business. It also clarifies that rental and leasing companies are not considered used motor vehicle dealers. The change takes effect immediately after the Governor signs it into law.

Who It Affects
Banks and credit unions: will not be required to obtain a used motor vehicle dealer license when acquiring vehicles incidental to their banking activities.
Licensees of the State Banking Department and certain finance companies: will not be required to obtain a used motor vehicle dealer license when acquiring vehicles incidental to their regular business.

Key Provisions
The definition of 'used motor dealer' (Section 40-12-390) is amended to exclude banks, credit unions, licensees of the State Banking Department, and finance companies that acquire motor vehicles as an incident to their regular business.
The exemption also states that rental and leasing companies are not considered used motor vehicle dealers for licensing purposes.
The act becomes effective immediately following 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