Amends TCA Title 55, Chapter 17 and Title 62, Chapter 19.
Tennessee SB1069 amends existing laws regarding motor vehicle dealer licensing, specifically allowing certain sales of antique vehicles and unique motor vehicles without a dealer license under specific conditions. This bill affects motor vehicle dealers and auction operators, particularly those conducting auctions in Wilson County with a minimum seating capacity of 20,000. Key provisions include stipulations that the auction must occur once a year, involve between 400 to 2,000 vehicles, and the auction operator must have a minimum net worth of $25 million, with the provision set to expire on June 30, 2026, unless extended.
Tennessee SB1069 amends existing laws regarding motor vehicle dealer licensing, specifically allowing certain sales of antique vehicles and unique motor vehicles without a dealer license under specific conditions. This bill affects motor vehicle dealers and auction operators, particularly those conducting auctions in Wilson County with a minimum seating capacity of 20,000. Key provisions include stipulations that the auction must occur once a year, involve between 400 to 2,000 vehicles, and the auction operator must have a minimum net worth of $25 million, with the provision set to expire on June 30, 2026, unless extended.
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