HB4020 - Tennessee - Auctions And Auctioneers, Motor Vehicle Commission, Motor Vehicles

Companion Bill SB3999. Motor Vehicle Commission - Authorizes certain auctions of used motor vehicles without requirement of motor vehicle dealer license by the motor vehicle commission. - Amends TCA Section 55-17-120. Fiscal Summary for HB4020 / *SB3999State Revenue - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant Bill Summary for HB4020 / *SB3999 Generally under present law, a person must be licensed with the motor vehicle commission in order to engage in the business of an automobile auction or act as a motor vehicle dealer or motor vehicle salesperson. There are several exceptions to the licensure requirement under present law. This bill adds an exception to licensure. Under this bill, a motor vehicle dealer license would not be required for the operator of a permanent auction facility that has [...]

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