SALVAGE VEHICLE AGENTS - S.B. 712: FLOOR ANALYSIS
sans-serif">Senate Bill 712 (as reported without amendment)
Sponsor: Senator Deborah Cherry
CONTENT
The bill would amend the Michigan Vehicle Code to increase the number of individuals a licensed used or secondhand vehicle parts dealer or foreign salvage vehicle dealer may have licensed as a salvage vehicle agent.
Under the Code, a person, including a dealer, must be licensed by the Secretary of State in order to sell distressed or late model vehicles or salvageable parts through a salvage pool. Currently, a dealer may not have more than two people, including himself or herself, licensed as a salvage vehicle agent. The bill would increase this to four.
MCL 257.248e - Legislative Analyst: Julie Koval
FISCAL IMPACT
The bill would have a minimal impact depending on the number of additional agent licenses that would be issued. The application fee for an agent’s license is $50. The Department of State reports that there are currently 1,086 licensed salvage vehicle agents.
Date Completed: 10-21-03 - Fiscal Analyst: Bill BowermanFloor\sb712 - Bill Analysis @ www.senate.michigan.gov/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.