Florida Senate - 2009 COMMITTEE AMENDMENT Bill No. SB 906 Barcode 360996 LEGISLATIVE ACTION Senate . House Comm: RE . 04/01/2009 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Transportation (Bullard) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Between lines 82 and 83 4 insert: 5 Section 2. (1) By January 1, 2010, the Department of 6 Highway Safety and Motor Vehicles shall implement a system that 7 will provide daily electronic notification to motor vehicle 8 floor-plan financers when a motor vehicle is sold by a licensed 9 motor vehicle dealer. 10 (2) The department may use its temporary tag database, 11 permanent tag database, or any other electronic database 12 available to expedite the notification process. The notification 13 must include, at a minimum, the year, make, model, vehicle 14 identification number, and dealer identification. 15 (3)(a) To assist the department, each floor-plan financer 16 shall notify the department of the motor vehicle dealer name and 17 license number of the vehicle of which the floor-plan financer 18 has perfected a security interest pursuant to chapter 679, 19 Florida Statutes, or other applicable law. 20 (b) A floor-plan financer may authorize a third-party 21 entity to provide information to and receive information from 22 the department. 23 (c) Upon termination of a perfected security interest in 24 the inventory of a secured debtor, a motor vehicle floor-plan 25 financer shall notify the department of such termination and the 26 department shall no longer be required to notify the financer of 27 sales made by such dealer. 28 (4) The department may charge an entity receiving the 29 notification up to 5 cents per motor vehicle record and such 30 revenues shall be deposited into the Highway Safety Operating 31 Trust Fund. 32 33 ================= T I T L E A M E N D M E N T ================ 34 And the title is amended as follows: 35 Delete line 14 36 and insert: 37 certificate of title; requiring the department to 38 implement a system to notify motor vehicle floor-plan 39 financers when a motor vehicle is sold by a licensed 40 dealer; providing system requirements; providing fees 41 for users of the system and providing for disposition 42 of the fees; providing an effective date. 43