March 2025

 

Effective State Changes

 

ARKANSAS

Senate Bill 94 removes the requirement that a new all-terrain vehicle dealer must have a dedicated service and parts structure or perform repair or warranty work at their licensed location. However, the bill now requires that new all-terrain vehicle dealers must service the vehicles or provide for a service provider or warranty service provider for all-terrain vehicles within forty miles of the dealer’s location. Effective 90 days after sine die adjournment.

 

NEW YORK

Assembly Bill 920 adds medical and health insurance information to the definition of personal identifying information for certain statutory categories. Effective February 14, 2025.

 

OKLAHOMA

The Department of Consumer Credit published the changes in dollar amounts which will become effective July 1, 2025. Included in the adjustments are the following:

Retail Installment Sales, §2-201:

The greater of: 

30% of the amount financed up to $1,980; plus

21% of the excess to $6,600; plus

15% of the remainder to $71,900.

 

OR  21% Simple Interest

 

The dollar amounts under §3-508(A) remain the same. The allowable closing fee increases from $184.64 to $190.41.

For loans subject to §3-508B of the Oklahoma Code, the maximum charge structure is:

Loan Amount	Acquisition Charge	Handling Charge
Up to $197.57		$6.59 per $32.94 of principal
$197.58-$230.58	1/10 of the amount of principal	$19.76 per month
$230.59-$461.16	1/10 of the amount of principal	$23.06 per month
$461.17-$658.80	1/10 of the amount of principal	$26.35 per month
$658.81-$988.20	1/10 of the amount of principal	$29.65 per month
$988.21-$1,317.60	1/10 of the amount of principal	$32.94 per month
$1,317.61-$1,647.00	1/10 of the amount of principal	$36.23 per month
$1,647.01-$1,976.40	1/10 of the amount of principal	$39.53 per month
$1,976.41-$2,440.00	1/10 of the amount of principal	$48.80 per month
$2,440.01-$3,050.00	1/10 of the amount of principal	$61.00 per month
$3,050.01-$3,660.00	1/10 of the amount of principal	$73.20 per month

 

The maximum delinquency charge for consumer credit sales and consumer loans will increase from $32.00 to $33.00. Effective July 1, 2025.

 

SOUTH DAKOTA

Senate Bill 135 will charge the owner of a motor vehicle, off-road vehicle, or snowmobile who does not have a state issued driver’s license, id card, or physical address in state, a $100 fee to title the vehicle in South Dakota, in addition to the title application fee. Effective July 1, 2025.

Senate Bill 179 allows a licensed vehicle dealer to apply for a permit to sell or offer to sell an off-road vehicle at an event located outside of the county where their principal place of business is located.  The event may not be longer than seven days, the dealer has to be a franchise dealer for off-road vehicles, and there must be no other franchise dealer in the county where the event takes place. Effective July 1, 2025.

 

WYOMING

House Bill 242 would require vehicle dealers who sell trailers to submit a sales authorization agreement to the state, amongst other provisions. Effective July 1, 2025.

Senate File 25 tasks the Department of Transportation with creating and maintaining an electronic lien and title system for the state of Wyoming. Effective July 1, 2027.

Senate File 39 provides for the automatic transfer of a vehicle title upon the death of the owner to a named beneficiary. Effective July 1, 2025.

Senate File 106 authorizes new vehicle dealers to establish hourly labor rates and retail parts markup rates to be charged for warranty repairs. Effective July 1, 2025.