LRBa0867/1
TNF:mfd:jf
1997 - 1998 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO 1997 ASSEMBLY BILL 433
October 8, 1997 - Offered by
Committee on Financial Institutions.
AB433-AA1,1,3
21. Page 1, line 8: after "leases" insert ", financial responsibility for domestic
3rented or leased vehicles and the definition of motor vehicle dealer".
AB433-AA1,1,5
5"
Section 1m. 218.01 (1) (o) 5. of the statutes is amended to read:
AB433-AA1,1,86
218.01
(1) (o) 5. Sales finance companies when engaged in purchasing or
7otherwise acquiring consumer leases from a motor vehicle dealer
, or in renegotiating
8consumer leases previously purchased or otherwise acquired by them.
AB433-AA1, s. 1r
9Section 1r. 218.01 (2) (dr) of the statutes is amended to read:
AB433-AA1,2,510
218.01
(2) (dr) The fee for licenses for sales finance companies for each calendar
11year, or part of a calendar year, is based on the gross volume of purchases of retail
12instalment contracts and consumer leases of motor vehicles sold or leased in this
13state for the 12 months immediately preceding October 31 of the year in which the
1application for license is made, as follows: On a gross volume of $100,000 or less, $50;
2and on each $100,000 or part thereof over $100,000, an additional $15. No extra
3charge shall be made for branch licenses for sales finance companies. Gross volume
4shall be based on the unpaid balance of the retail instalment contracts and the base
5lease periodic payments, as defined in s. 429.104 (4), of the consumer leases.".
AB433-AA1,2,8
7"
Section 3j. 344.51 (1) of the statutes is renumbered 344.51 (1m) and amended
8to read:
AB433-AA1,2,219
344.51
(1m) No
person lessor or rental company may for compensation rent or
10lease any motor vehicle
to be operated by or with the consent of the person renting
11or leasing the vehicle unless there is filed with the department
on a form prescribed
12by the department a certificate for a good and sufficient bond or policy of insurance
13issued by an insurer authorized to do an automobile liability insurance or surety
14business in this state. The
bond, policy or certificate shall provide that the insurer
15which issued it will be liable for damages caused by the negligent operation of the
16motor vehicle in the amounts set forth in s. 344.01 (2) (d). No
person lessor or rental
17company complying with this subsection, and no
person lessor or rental company
18entering into or acquiring an interest in any contract for the rental or leasing of a
19motor vehicle for which any other
person lessor or rental company has complied with
20this subsection, is liable for damages caused by the negligent operation of the motor
21vehicle by another person.
AB433-AA1, s. 3k
22Section 3k. 344.51 (1g) (a) and (c) of the statutes are created to read:
AB433-AA1,3,3
1344.51
(1g) (a) "Lessor" means a person who, for compensation, leases a motor
2vehicle to a lessee to be operated by or with the consent of the lessee or who acquires
3a contract for the leasing of a motor vehicle from another person.
AB433-AA1,3,64
(c) "Rental company" means a person who, for compensation, rents a motor
5vehicle to a renter to be operated by or with the consent of the renter or who acquires
6a contract for the renting of a motor vehicle from another person.
AB433-AA1,3,128
344.51
(2) Any
person lessor or rental company failing to comply with this
9section is directly liable for damages caused by the negligence of the person operating
10such rented or leased vehicle, but such liability may not exceed the limits set forth
11in s. 344.01 (2) (d) with respect to the acceptable limits of liability when furnishing
12proof of financial responsibility.
AB433-AA1, s. 3n
13Section 3n. 344.51 (4) of the statutes is renumbered 344.51 (1g) (intro.) and
14amended to read:
AB433-AA1,3,1515
344.51
(1g) (intro.) In this section
, "motor:
AB433-AA1,3,16
16(b) "Motor vehicle" means a self-propelled vehicle.".
AB433-AA1,3,19
18"
Section 28g. 632.32 (2) (b) of the statutes is renumbered 632.32 (2) (b) (intro.)
19and amended to read:
AB433-AA1,3,2020
632.32
(2) (b) (intro.) "Motor vehicle handler" means
a any of the following:
AB433-AA1,3,21
211. A motor vehicle
sales agency,
dealer, as defined in s. 218.01 (1) (n).
AB433-AA1,3,22
223. A repair shop, service station, storage garage or public parking place.
AB433-AA1, s. 28j
23Section 28j. 632.32 (2) (b) 2. of the statutes is created to read:
AB433-AA1,4,2
1632.32
(2) (b) 2. A lessor, as defined in s. 344.51 (1g) (a), or a rental company,
2as defined in s. 344.51 (1g) (c).".
AB433-AA1,4,8
4"
(1) (a) The treatment of sections 218.01 (1) (ar), (2) (dr), (3) (a) 18. and (6x) (e),
5429.104 (1), (3), (3m) (intro.), (a) and (b), (4) (intro.), (a) and (b), (5), (6), (16) and (24),
6429.203 (2m) (form) (d) and (e), (3) (a), (b), (c), (d), (e) 1. and 2. and (f) and (6) (c) and
7429.207 (2) (f) 1. and 2. of the statutes first applies to leases entered into on the
8effective date of this paragraph.
AB433-AA1,4,10
9(b) The treatment of section 344.51 (1), (1g) (a) and (c), (2) and (4) of the statutes
10first applies to rentals and leases entered into on the effective date of this paragraph.
AB433-AA1,4,13
11(2) The renumbering and amendment of section 632.32 (2) (b) of the statutes
12and the creation of section 632.32 (2) (b) 2. of the statutes first apply to policies issued
13or renewed on the effective date of this subsection.".