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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 4 TO CHAPTER 15, TITLE 56 SO AS TO REQUIRE CERTAIN APPLICANTS FOR AN INITIAL NONFRANCHISE AUTOMOBILE DEALER LICENSE TO COMPLETE CERTAIN PRE-LICENSING EDUCATION COURSES BEFORE THEY MAY BE ISSUED A LICENSE, AND TO PROVIDE THAT THE DEPARTMENT OF PUBLIC SAFETY SHALL PROMULGATE REGULATIONS TO IMPLEMENT THIS PROVISION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 15, Title 56 of the 1976 Code is amended by adding:
Section 56-15-410. An applicant for an initial nonfranchise automobile dealer license must complete successfully at lease eight hours of pre-licensing education courses before he may be issued a license. At least one shareholder listed on the application for an initial nonfranchise automobile dealer license must comply with the education requirement contained in this section.
Section 56-15-420. The Department of Public Safety shall promulgate regulations to implement the provisions contained in this article.
Section 56-15-430. The provisions contained in Sections 56-15-410 and 56-15-420 shall not apply to a franchised automobile dealer or a nonfranchised automobile dealer owned and operated by a franchised automobile dealer.
Section 56-15-440. The provisions contained in Sections 56-15-410 and 56-15-420 shall not apply to a nonfranchised automobile dealer whose primary business objective is the rebuilding of salvage motor vehicles, regulated by Title 56.
Section 56-15-450. The provisions contained in Sections 56-15-410 and 56-15-420 shall not apply to a nonfranchised automobile dealer whose primary business objective and substantial business activity is the rental of motor vehicles, regulated by Title 56."
SECTION 2. The provisions contained in Sections 56-15-410, 56-15-430, 56-15-440, and 56-15-450 of this act take effect on January 1, 2004. The provisions contained in Section 56-15-420 of this act take effect upon approval by the Governor.
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