Florida Senate - 2018                                     SB 616
       
       
        
       By Senator Passidomo
       
       
       
       
       
       28-00731-18                                            2018616__
    1                        A bill to be entitled                      
    2         An act relating to motor vehicle dealers; amending s.
    3         320.27, F.S.; revising the definitions of the terms
    4         “motor vehicle dealer,” “franchised motor vehicle
    5         dealer,” “independent motor vehicle dealer,”
    6         “wholesale motor vehicle dealer,” and “motor vehicle
    7         broker”; prohibiting persons from engaging in business
    8         as, serving in the capacity of, or acting as a motor
    9         vehicle broker in this state without first obtaining a
   10         certain license; adding an exception to the
   11         prohibition on persons other than a licensed motor
   12         vehicle dealer from advertising for sale any motor
   13         vehicle belonging to another party; requiring any
   14         person acting in violation of specified licensing
   15         requirements to be deemed to have committed an unfair
   16         and deceptive trade practice in violation of specified
   17         provisions; requiring an initial license certificate
   18         to be issued by the Department of Highway Safety and
   19         Motor Vehicles in accordance with an application when
   20         the application is regular in form and in compliance
   21         with specified provisions; providing for expiration of
   22         a license issued to a motor vehicle broker; deleting
   23         provisions relating to renewal forms, license
   24         certificates, and initial license applications;
   25         requiring each initial application for licensure as an
   26         independent motor vehicle dealer received by the
   27         department to be accompanied by certain verification
   28         of training; providing training requirements;
   29         providing an exemption; authorizing the department to
   30         adopt certain rules; providing that the curriculum for
   31         certain subjects is approved by any and all other
   32         regulatory agencies having jurisdiction over the
   33         specific subject matters; requiring that the overall
   34         administration of the licensing of dealer schools and
   35         their instructors remains with the department;
   36         authorizing the schools to charge a fee for training;
   37         requiring the department to deliver or mail to each
   38         licensee the necessary renewal forms within a
   39         specified period; requiring independent motor vehicle
   40         dealers to complete certain certification relating to
   41         continuing education, subject to certain requirements;
   42         defining the term “dealer”; providing requirements for
   43         continuing education; requiring dealer schools to
   44         provide certificates of completion to the department
   45         and customer; requiring franchised motor vehicle
   46         dealers to complete certain industry certification,
   47         subject to certain requirements; authorizing such
   48         certification to be accomplished by one designated
   49         employee under certain circumstances; providing
   50         certification requirements; requiring designated
   51         individuals to receive certificates of completion;
   52         requiring licensees who do not file their application
   53         and any other requisite documents with, and pay the
   54         fees to, the department within a specified period to
   55         cease engaging in business; providing fees for a
   56         renewal or new application filed with the department
   57         within specified periods after the expiration date;
   58         authorizing a license certificate to be modified to
   59         show a change in the name of the licensee, subject to
   60         certain requirements; requiring a specified fee for
   61         such modification; conforming provisions to changes
   62         made by the act; providing an effective date.
   63          
   64  Be It Enacted by the Legislature of the State of Florida:
   65  
   66         Section 1. Paragraphs (c) and (d) of subsection (1) and
   67  subsections (2), (3), and (4) of section 320.27, Florida
   68  Statutes, are amended to read:
   69         320.27 Motor vehicle dealers.—
   70         (1) DEFINITIONS.—The following words, terms, and phrases
   71  when used in this section have the meanings respectively
   72  ascribed to them in this subsection, except where the context
   73  clearly indicates a different meaning:
   74         (c) “Motor vehicle dealer” means any person engaged in the
   75  business of buying, selling, or leasing dealing in motor
   76  vehicles or offering or displaying motor vehicles for sale at
   77  wholesale or retail, or who may service and repair motor
   78  vehicles pursuant to an agreement as defined in s. 320.60(1).
   79  Any person who buys, sells, leases or deals in three or more
   80  motor vehicles in any 12-month period or who offers or displays
   81  for sale three or more motor vehicles in any 12-month period
   82  shall be prima facie presumed to be engaged in such business a
   83  motor vehicle dealer. Any person who engages in any of the
   84  following activities shall be deemed to be a motor vehicle
   85  dealer: possessing, storing, or displaying motor vehicles for
   86  retail sale; advertising motor vehicles in inventory for retail
   87  sale; compensating customers for vehicles at wholesale or
   88  retail, also known as trade-ins; negotiating with customers
   89  regarding the terms of sale for a motor vehicle; providing test
   90  drives of motor vehicles offered for sale; delivering or
   91  arranging for the delivery of a motor vehicle in conjunction
   92  with the sale of the motor vehicle; and offering vehicle service
   93  protection products or retail installment sales contracts to
   94  buyers. The terms “selling” and “sale” include lease-purchase
   95  transactions. A motor vehicle dealer may, at retail or
   96  wholesale, sell a recreational vehicle as described in s.
   97  320.01(1)(b)1.-6. and 8., acquired in exchange for the sale of a
   98  motor vehicle, provided such acquisition is incidental to the
   99  principal business of being a motor vehicle dealer. However, a
  100  motor vehicle dealer may not buy a recreational vehicle for the
  101  purpose of resale unless licensed as a recreational vehicle
  102  dealer pursuant to s. 320.771. A motor vehicle dealer may apply
  103  for a certificate of title to a motor vehicle required to be
  104  registered under s. 320.08(2)(b), (c), and (d), using a
  105  manufacturer’s statement of origin as permitted by s. 319.23(1),
  106  only if such dealer is authorized by a franchised agreement as
  107  defined in s. 320.60(1), to buy, sell, or deal in such vehicle
  108  and is authorized by such agreement to perform delivery and
  109  preparation obligations and warranty defect adjustments on the
  110  motor vehicle; provided this limitation shall not apply to
  111  recreational vehicles, van conversions, or any other motor
  112  vehicle manufactured on a truck chassis. The transfer of a motor
  113  vehicle by a dealer not meeting these qualifications shall be
  114  titled as a used vehicle. The classifications of motor vehicle
  115  dealers are defined as follows:
  116         1. “Franchised motor vehicle dealer” means any person who
  117  engages in the business of repairing, servicing, buying,
  118  selling, or leasing dealing in motor vehicles pursuant to an
  119  agreement as defined in s. 320.60(1). A motor vehicle dealer may
  120  apply for a certificate of title to a motor vehicle required to
  121  be registered under s. 320.08(2)(b), (c), or (d), using a
  122  manufacturer’s statement of origin as required by s. 319.23(1),
  123  only if such dealer is authorized by a franchise agreement as
  124  defined in s. 320.60(1) to buy, sell, or deal in such vehicles
  125  and is authorized by such agreement to perform delivery and
  126  preparation obligations and warranty defect adjustments on the
  127  motor vehicle. This limitation does not apply to recreational
  128  vehicles, van conversions, or any other motor vehicle
  129  manufactured on a truck chassis. If the transfer of a motor
  130  vehicle by a dealer does not meet these qualifications, the
  131  motor vehicle shall be titled as a used vehicle.
  132         2. “Independent motor vehicle dealer” means any person
  133  other than a franchised or wholesale motor vehicle dealer who
  134  engages in the business of buying, and selling, or dealing in
  135  motor vehicles, and who may service and repair motor vehicles.
  136         3. “Wholesale motor vehicle dealer” means any person who
  137  engages exclusively in the business of buying, and selling, or
  138  dealing in motor vehicles at wholesale or with motor vehicle
  139  auctions. Such person shall be licensed to do business in this
  140  state, shall not sell or auction a vehicle to any person who is
  141  not a licensed dealer, and shall not have the privilege of the
  142  use of dealer license plates. Any person who buys, sells, or
  143  deals in motor vehicles at wholesale or with motor vehicle
  144  auctions on behalf of a licensed motor vehicle dealer and as a
  145  bona fide employee of such licensed motor vehicle dealer is not
  146  required to be licensed as a wholesale motor vehicle dealer. In
  147  such cases it shall be prima facie presumed that a bona fide
  148  employer-employee relationship exists. A wholesale motor vehicle
  149  dealer shall be exempt from the display provisions of this
  150  section but shall maintain an office wherein records are kept in
  151  order that those records may be inspected.
  152         4. “Motor vehicle auction” means any person offering motor
  153  vehicles or recreational vehicles for sale to the highest bidder
  154  where buyers are licensed motor vehicle dealers. Such person
  155  shall not sell a vehicle to anyone other than a licensed motor
  156  vehicle dealer.
  157         5. “Salvage motor vehicle dealer” means any person who
  158  engages in the business of acquiring salvaged or wrecked motor
  159  vehicles for the purpose of reselling them and their parts.
  160  
  161  Notwithstanding anything in this subsection to the contrary, the
  162  term “motor vehicle dealer” does not include persons not engaged
  163  in the purchase or sale of motor vehicles as a business who are
  164  disposing of vehicles acquired for their own use or for use in
  165  their business or acquired by foreclosure or by operation of
  166  law, provided such vehicles are acquired and sold in good faith
  167  and not for the purpose of avoiding the provisions of this law;
  168  persons engaged in the business of manufacturing, selling, or
  169  offering or displaying for sale at wholesale or retail no more
  170  than 25 trailers in a 12-month period; public officers while
  171  performing their official duties; receivers; trustees,
  172  administrators, executors, guardians, or other persons appointed
  173  by, or acting under the judgment or order of, any court; banks,
  174  finance companies, or other loan agencies that acquire motor
  175  vehicles as an incident to their regular business; motor vehicle
  176  brokers; persons whose sole dealing in motor vehicles is owning
  177  a publication in, or hosting a website on, which licensed motor
  178  vehicle dealers display vehicles for sale; and motor vehicle
  179  rental and leasing companies that sell motor vehicles only to
  180  motor vehicle dealers licensed under this section. Vehicles
  181  owned under circumstances described in this paragraph may be
  182  disposed of at retail, wholesale, or auction, unless otherwise
  183  restricted. A manufacturer of fire trucks, ambulances, or school
  184  buses may sell such vehicles directly to governmental agencies
  185  or to persons who contract to perform or provide firefighting,
  186  ambulance, or school transportation services exclusively to
  187  governmental agencies without processing such sales through
  188  dealers if such fire trucks, ambulances, school buses, or
  189  similar vehicles are not presently available through motor
  190  vehicle dealers licensed by the department.
  191         (d) “Motor vehicle broker” means any person engaged in the
  192  business of, or who holds himself or herself out through
  193  solicitation, advertisement, or other means as being in the
  194  business of, assisting offering to procure or procuring motor
  195  vehicles for the general public in purchasing or leasing a motor
  196  vehicle from a licensed motor vehicle dealer, or who holds
  197  himself or herself out through solicitation, advertisement, or
  198  otherwise as one who offers to procure or procures motor
  199  vehicles for the general public, and who does not store,
  200  display, or take ownership of any vehicles for the purpose of
  201  selling such vehicles. Any advertisement or solicitation by a
  202  motor vehicle broker must include notice that the broker is
  203  receiving a fee and must clearly state that the person is not a
  204  licensed motor vehicle dealer.
  205         (2) LICENSE REQUIRED.—No person shall engage in business
  206  as, serve in the capacity of, or act as a motor vehicle dealer
  207  or motor vehicle broker in this state without first obtaining a
  208  license therefor in the appropriate classification as provided
  209  in this section. With the exception of transactions with motor
  210  vehicle auctions, no person other than a licensed motor vehicle
  211  dealer may advertise for sale any motor vehicle belonging to
  212  another party unless as a direct result of a bona fide legal
  213  proceeding, court order, settlement of an estate, or by contract
  214  with a motor vehicle dealer or operation of law. However, owners
  215  of motor vehicles titled in their names may advertise and offer
  216  vehicles for sale on their own behalf. It shall be unlawful for
  217  a licensed motor vehicle dealer to allow any person other than a
  218  bona fide employee to use the motor vehicle dealer license for
  219  the purpose of acting in the capacity of or conducting motor
  220  vehicle sales transactions as a motor vehicle dealer. Any person
  221  acting selling or offering a motor vehicle for sale in violation
  222  of the licensing requirements of this subsection, or who
  223  misrepresents to any person its relationship with any
  224  manufacturer, importer, or distributor, in addition to the
  225  penalties provided herein, shall be deemed to have committed
  226  guilty of an unfair and deceptive trade practice as defined in
  227  violation of part II of chapter 501 and shall be subject to the
  228  provisions of subsections (8) and (9).
  229         (3) APPLICATION AND FEE.—The application for the license
  230  shall be in such form as may be prescribed by the department and
  231  shall be subject to such rules with respect thereto as may be so
  232  prescribed by it. Such application shall be verified by oath or
  233  affirmation and shall contain a full statement of the name and
  234  birth date of the person or persons applying therefor; the name
  235  of the firm or copartnership, with the names and places of
  236  residence of all members thereof, if such applicant is a firm or
  237  copartnership; the names and places of residence of the
  238  principal officers, if the applicant is a body corporate or
  239  other artificial body; the name of the state under whose laws
  240  the corporation is organized; the present and former place or
  241  places of residence of the applicant; and prior business in
  242  which the applicant has been engaged and the location thereof.
  243  Such application shall describe the exact location of the place
  244  of business and shall state whether the place of business is
  245  owned by the applicant and when acquired, or, if leased, a true
  246  copy of the lease shall be attached to the application. The
  247  applicant shall certify that the location provides an adequately
  248  equipped office and is not a residence; that the location
  249  affords sufficient unoccupied space upon and within which
  250  adequately to store all motor vehicles offered and displayed for
  251  sale; and that the location is a suitable place where the
  252  applicant can in good faith carry on such business and keep and
  253  maintain books, records, and files necessary to conduct such
  254  business, which shall be available at all reasonable hours to
  255  inspection by the department or any of its inspectors or other
  256  employees. The applicant shall certify that the business of a
  257  motor vehicle dealer is the principal business which shall be
  258  conducted at that location. The application shall contain a
  259  statement that the applicant is: either franchised by a
  260  manufacturer of motor vehicles, in which case the name of each
  261  motor vehicle that the applicant is franchised to sell shall be
  262  included;, or an independent (nonfranchised) motor vehicle
  263  dealer; or a motor vehicle broker. The application shall contain
  264  other relevant information as may be required by the department,
  265  including evidence that the applicant is insured under a garage
  266  liability insurance policy or a general liability insurance
  267  policy coupled with a business automobile policy, which shall
  268  include, at a minimum, $25,000 combined single-limit liability
  269  coverage including bodily injury and property damage protection
  270  and $10,000 personal injury protection. However, a salvage motor
  271  vehicle dealer as defined in subparagraph (1)(c)5. is exempt
  272  from the requirements for garage liability insurance and
  273  personal injury protection insurance on those vehicles that
  274  cannot be legally operated on roads, highways, or streets in
  275  this state. Franchise dealers must submit a garage liability
  276  insurance policy, and all other dealers must submit a garage
  277  liability insurance policy or a general liability insurance
  278  policy coupled with a business automobile policy. Such policy
  279  shall be for the license period, and evidence of a new or
  280  continued policy shall be delivered to the department at the
  281  beginning of each license period. Upon making initial
  282  application, the applicant shall pay to the department a fee of
  283  $300 in addition to any other fees required by law. Applicants
  284  may choose to extend the licensure period for 1 additional year
  285  for a total of 2 years. An initial applicant shall pay to the
  286  department a fee of $300 for the first year and $75 for the
  287  second year, in addition to any other fees required by law. An
  288  applicant for renewal shall pay to the department $75 for a 1
  289  year renewal or $150 for a 2-year renewal, in addition to any
  290  other fees required by law. Upon making an application for a
  291  change of location, the person shall pay a fee of $50 in
  292  addition to any other fees now required by law. The department
  293  shall, in the case of every application for initial licensure,
  294  verify whether certain facts set forth in the application are
  295  true. Each applicant, general partner in the case of a
  296  partnership, or corporate officer and director in the case of a
  297  corporate applicant, must file a set of fingerprints with the
  298  department for the purpose of determining any prior criminal
  299  record or any outstanding warrants. The department shall submit
  300  the fingerprints to the Department of Law Enforcement for state
  301  processing and forwarding to the Federal Bureau of Investigation
  302  for federal processing. The actual cost of state and federal
  303  processing shall be borne by the applicant and is in addition to
  304  the fee for licensure. The department may issue a license to an
  305  applicant pending the results of the fingerprint investigation,
  306  which license is fully revocable if the department subsequently
  307  determines that any facts set forth in the application are not
  308  true or correctly represented.
  309         (4) LICENSE CERTIFICATE.—
  310         (a) An initial A license certificate shall be issued by the
  311  department in accordance with such application when the
  312  application is regular in form and in compliance with the
  313  provisions of this section. The license certificate may be in
  314  the form of a document or a computerized card as determined by
  315  the department. The actual cost of each original, additional, or
  316  replacement computerized card shall be borne by the licensee and
  317  is in addition to the fee for licensure. Such license, when so
  318  issued, entitles the licensee to carry on and conduct the
  319  business of a motor vehicle dealer or broker. Each license
  320  issued to a franchise motor vehicle dealer or motor vehicle
  321  broker expires on December 31 of the year of its expiration
  322  unless revoked or suspended prior to that date. Each license
  323  issued to an independent or wholesale dealer or auction expires
  324  on April 30 of the year of its expiration unless revoked or
  325  suspended prior to that date. At least 60 days before the
  326  license expiration date, the department shall deliver or mail to
  327  each licensee the necessary renewal forms. Each independent
  328  dealer shall certify that the dealer (owner, partner, officer,
  329  or director of the licensee, or a full-time employee of the
  330  licensee that holds a responsible management-level position) has
  331  completed 8 hours of continuing education prior to filing the
  332  renewal forms with the department. Such certification shall be
  333  filed once every 2 years. The continuing education shall include
  334  at least 2 hours of legal or legislative issues, 1 hour of
  335  department issues, and 5 hours of relevant motor vehicle
  336  industry topics. Continuing education shall be provided by
  337  dealer schools licensed under paragraph (b) either in a
  338  classroom setting or by correspondence. Such schools shall
  339  provide certificates of completion to the department and the
  340  customer which shall be filed with the license renewal form, and
  341  such schools may charge a fee for providing continuing
  342  education. Any licensee who does not file his or her application
  343  and fees and any other requisite documents, as required by law,
  344  with the department at least 30 days prior to the license
  345  expiration date shall cease to engage in business as a motor
  346  vehicle dealer on the license expiration date. A renewal filed
  347  with the department within 45 days after the expiration date
  348  shall be accompanied by a delinquent fee of $100. Thereafter, a
  349  new application is required, accompanied by the initial license
  350  fee. A license certificate duly issued by the department may be
  351  modified by endorsement to show a change in the name of the
  352  licensee, provided, as shown by affidavit of the licensee, the
  353  majority ownership interest of the licensee has not changed or
  354  the name of the person appearing as franchisee on the sales and
  355  service agreement has not changed. Modification of a license
  356  certificate to show any name change as herein provided shall not
  357  require initial licensure or reissuance of dealer tags; however,
  358  any dealer obtaining a name change shall transact all business
  359  in and be properly identified by that name. All documents
  360  relative to licensure shall reflect the new name. In the case of
  361  a franchise dealer, the name change shall be approved by the
  362  manufacturer, distributor, or importer. A licensee applying for
  363  a name change endorsement shall pay a fee of $25 which fee shall
  364  apply to the change in the name of a main location and all
  365  additional locations licensed under the provisions of subsection
  366  (5). Each initial license application received by the department
  367  shall be accompanied by verification that, within the preceding
  368  6 months, the applicant, or one or more of his or her designated
  369  employees, has attended a training and information seminar
  370  conducted by a licensed motor vehicle dealer training school.
  371  Any applicant for a new franchised motor vehicle dealer license
  372  who has held a valid franchised motor vehicle dealer license
  373  continuously for the past 2 years and who remains in good
  374  standing with the department is exempt from the prelicensing
  375  training requirement. Such seminar shall include, but is not
  376  limited to, statutory dealer requirements, which requirements
  377  include required bookkeeping and recordkeeping procedures,
  378  requirements for the collection of sales and use taxes, and such
  379  other information that in the opinion of the department will
  380  promote good business practices. No seminar may exceed 8 hours
  381  in length.
  382         (b)Each initial license application received by the
  383  department for licensure under subparagraph (1)(c)2. shall be
  384  accompanied by verification that, within the preceding 6 months,
  385  the applicant (owner, partner, officer, or director of the
  386  applicant, or a full-time employee of the applicant that holds a
  387  responsible management-level position) has successfully
  388  completed training conducted by a licensed motor vehicle dealer
  389  training school. Such training must include training in titling
  390  and registration of motor vehicles, laws relating to unfair and
  391  deceptive trade practices, laws relating to financing with
  392  regard to buy-here, pay-here operations, and such other
  393  information that in the opinion of the department will promote
  394  good business practices. Successful completion of this training
  395  shall be determined by examination administered at the end of
  396  the course and attendance of no less than 90 percent of the
  397  total hours required by such school. Any applicant who had held
  398  a valid motor vehicle dealer’s license continuously within the
  399  past 2 years and who remains in good standing with the
  400  department is exempt from the prelicensing requirements of this
  401  section. The department shall have the authority to adopt any
  402  rule necessary for establishing the training curriculum; length
  403  of training, which shall not exceed 8 hours for required
  404  department topics and shall not exceed an additional 24 hours
  405  for topics related to other regulatory agencies’ instructor
  406  qualifications; and any other requirements under this section.
  407  The curriculum for other subjects shall be approved by any and
  408  all other regulatory agencies having jurisdiction over specific
  409  subject matters; however, the overall administration of the
  410  licensing of these dealer schools and their instructors shall
  411  remain with the department. Such schools are authorized to
  412  charge a fee.
  413         (b)Each initial application for licensure as an
  414  independent motor vehicle dealer received by the department
  415  shall be accompanied by verification that, within the preceding
  416  6 months, the applicant or one or more of his or her designated
  417  employees has attended a training and information seminar
  418  conducted by a licensed motor vehicle dealer training school.
  419  Such training must include instruction in titling and
  420  registration of motor vehicles, laws relating to unfair and
  421  deceptive trade practices, laws relating to financing with
  422  regard to buy-here, pay-here operations, and such other
  423  information that in the opinion of the department promotes good
  424  business practices. Successful completion of this training shall
  425  be determined by examination administered at the end of the
  426  seminar and attendance of no less than 90 percent of the total
  427  hours required by such school. Any applicant who had held a
  428  valid motor vehicle dealer’s license continuously within the
  429  past 2 years and who remains in good standing with the
  430  department is exempt from the prelicensing requirements of this
  431  section. The department may adopt any rule necessary for
  432  establishing the training curriculum; length of training, which
  433  shall not exceed 8 hours for required department topics and
  434  shall not exceed an additional 24 hours for topics related to
  435  other regulatory agencies’ instructor qualifications; and any
  436  other requirements under this section. The curriculum for other
  437  subjects shall be approved by any and all other regulatory
  438  agencies having jurisdiction over the specific subject matters;
  439  however, the overall administration of the licensing of these
  440  dealer schools and their instructors shall remain with the
  441  department. Such schools are authorized to charge a fee for
  442  training.
  443         (c)At least 60 days before the license expiration date,
  444  the department shall deliver or mail to each licensee the
  445  necessary renewal forms.
  446         1.Each independent motor vehicle dealer must certify that
  447  the dealer has completed 8 hours of continuing education before
  448  filing the renewal forms with the department. For purposes of
  449  this subparagraph, the term “dealer” means an owner, partner,
  450  officer, or director of the licensee, or a full-time employee of
  451  the licensee that holds a responsible management-level position.
  452  Such certification must be filed once every 2 years. The
  453  continuing education shall include at least 2 hours of
  454  instruction in legal or legislative issues, 1 hour of
  455  instruction in department issues, and 5 hours of instruction in
  456  relevant motor vehicle industry topics. Continuing education
  457  shall be provided by dealer schools licensed under paragraph (b)
  458  either in a classroom setting or by correspondence. Such schools
  459  shall provide certificates of completion to the department and
  460  the customer which must be filed with the license renewal form,
  461  and such schools may charge a fee for providing continuing
  462  education.
  463         2.Each franchised motor vehicle dealer shall certify that
  464  the dealer, operator, owner, partner, director, or general
  465  manager of the licensee has completed 8 hours of industry
  466  certification on legal and legislative issues every 2 years
  467  provided by a Florida-based, non-profit, dealer-owned industry
  468  organization with state and federal compliance credentials
  469  approved by the department. In the case of licensees with more
  470  than 5 licensed or supplemental locations, the certification may
  471  be accomplished by one designated employee as prescribed above.
  472  Certification shall be required in a classroom setting in a
  473  convenient location within the state and designated individuals
  474  shall receive certificates of completion from the organization
  475  which must be filed with their license renewal form.
  476         3.Any licensee who does not file his or her application
  477  and any other requisite documents with, and pay the fees to, as
  478  required by law, the department at least 30 days before the
  479  license expiration date must cease to engage in business as a
  480  motor vehicle dealer no later than the license expiration date.
  481  A renewal filed with the department within 45 days after the
  482  expiration date must be accompanied by a delinquent fee of $100.
  483  Thereafter, a new application is required, accompanied by the
  484  initial license fee.
  485         (d)A license certificate duly issued by the department may
  486  be modified by endorsement to show a change in the name of the
  487  licensee, provided, as shown by affidavit of the licensee, the
  488  majority ownership interest of the licensee has not changed or
  489  the name of the person appearing as franchisee on the sales and
  490  service agreement has not changed. Modification of a license
  491  certificate to show any name change as provided in this
  492  paragraph does not require initial licensure or reissuance of
  493  dealer tags; however, any dealer obtaining a name change shall
  494  transact all business in and be properly identified by that
  495  name. All documents relative to licensure shall reflect the new
  496  name. In the case of a franchised motor vehicle dealer, the name
  497  change shall be approved by the manufacturer, distributor, or
  498  importer. A licensee applying for a name change endorsement
  499  shall pay a fee of $25 which shall apply to the change in the
  500  name of a main location and all additional locations licensed
  501  under subsection (5).
  502         Section 2. This act shall take effect July 1, 2018.