Providing for exemptions relating to odometer requirements, and including effective date provisions

Under current law, a certificate of title must not be issued for a motor vehicle less than model years old which is equipped with an odometer by the manufacturer, unless an odometer statement that is in compliance with federal law and regulations has been made by the transferor of the vehicle and is furnished with the application for certificate of title. This bill allows a certificate of title to be issued for a motor vehicle without an odometer statement if the vehicle falls within certain federally recognized exemptions. The bill also allows a licensed motor vehicle dealer to have in its possession as inventory for sale a used motor vehicle acquired by the dealer for which the dealer does not possess an odometer statement by the transferor if the federally recognized vehicle exemptions apply or if a certificate of title has been issued for the vehicle in the name of the dealer. The federally recognized vehicle exemptions referenced by the bill include the following: a vehicle that has a gross vehicle weight rating of more than 16,000 pounds, a vehicle that is not self-propelled, a vehicle that was manufactured in a model year beginning at least years before January of the calendar year in which the vehicle is transferred, a vehicle sold directly by the manufacturer to any agency of the United States in conformity with contractual specifications, and a new vehicle prior to its first transfer for purposes other than resale. pt 580. The bill takes effect January 1, 2021.