SB 573

Abstract

Amends the Illinois Vehicle Code. Defines "uniform invoice". Authorizes the Secretary of State to use commercially available title history services. Makes changes concerning odometer disclosure requirements. Provides that the Secretary is authorized to issue a certificate of title in the name of the dealership if the surrendered certificate of title has no additional space to assign the certificate of title. Makes changes concerning requirements for a licensed seller who sells, transfers, or wholesales a vehicle out of State. Provides that a good faith purchaser of a vehicle for value takes free of any undisclosed liens unless the purchaser has notice of such liens. Provides that the Secretary may remove a franchise affiliate's lien. Provides that a registration permit for 90 (instead of 30) days may be provided for a fee of $13. Makes electric motorcycles subject to additional fees for electric vehicles and allows vanity and personalized plates to be issued to owners of electric vehicles. Provides that certain military plates may be (i) transferred, upon death of the owner, to the surviving spouse; and (ii) reclassified without a replacement fee. In the Chapter concerning the licensing of vehicle dealers, makes changes to the definition of "established place of business". Provides that applicants for certain licenses shall disclose specified information related to persons liable for the performance of the dealership. Prohibits a licensee with a surrendered or revoked license from being named on an application for a subsequent license and from working for another licensee in a recordkeeping, management, or financial position. Prohibits a licensee from permitting an individual who is not an agent of the licensee to purchase a vehicle at an auction. Senate Committee Amendment No. 1 Replaces everything after the enacting clause with the contents of the introduced bill and makes the following changes: Provides that, beginning with the 2023 registration year, upon the request of the vehicle owner, an electric vehicle owner may register an electric vehicle with any qualifying registration, and an additional $100 surcharge shall be collected in addition to the applicable registration fee. Provides that the $100 additional fee is to identify the vehicle as an electric vehicle. Provides that the $100 additional fee is an annual, flat fee that shall be based on an applicant's new or existing registration year for the vehicle's corresponding weight category. Provides that a designation as an electric vehicle shall not alter a vehicle's registration. Provides that $1 of the additional fees shall be deposited into the Secretary of State Special Services Fund and the remainder of the additional fees shall be deposited into the Road Fund. Provides that the Secretary shall adopt any rules necessary to implement the new provisions. Senate Committee Amendment No. 2 Removes language providing that a purchaser of a vehicle who obtains a security interest in a vehicle in good faith for value takes free of any undisclosed liens unless the purchaser has notice of such liens and that, upon the perfection of the security interest, the Secretary of State shall invalidate the undisclosed lienholder's interest in the vehicle subject to an investigation by the Secretary of State Department of Police. Removes language allowing only a licensed dealer to use the reassignment portion included on a certificate of title to reassign a vehicle to another licensed dealer. Makes conforming changes and corrects typographical errors. Senate Floor Amendment No. 3 Adds reference to: 625 ILCS 5/3-100.2 Provides that, no later than July 1, 2022 (instead of July 1, 2021), the Secretary of State shall implement, manage, and administer an electronic lien and title system and establish by administrative rule the standards and procedures relating to the management and implementation of the system.