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Description automatically generatedOffice of Indiana Secretary of State Diego Morales

200 W. Washington St. Indianapolis, IN 46204



Thursday, April 11, 2024


Legislation Passed in Secretary Morales’

Auto Dealer Services and Securities Divisions

INDIANAPOLIS- (April 11, 2024) – Secretary of State Diego Morales is proud to announce the passing of legislation advocated by the Indiana Auto Dealers Services Division and Indiana Securities Division.

“We’ve been at the Statehouse, diligently working on impactful legislation. These advances will overall benefit investors, auto dealers, and Hoosier motorists.  My office is constantly listening to constituents and is committed to helping improve services across the state,” said Indiana Secretary of State Diego Morales.

Under Senate Enrolled Act 222, beginning July 1, first-time applicants for an independent car dealer license will be required to complete a training course through the Indiana Independent Auto Dealers Association. The training will help assure that independent car dealers are knowledgeable about requirements and procedures for securing and delivering valid vehicle titles to purchasers.

“We’re excited to get to work on dealer education ensuring independent dealers across the state of Indiana have all the tools and resources necessary to successfully operate an independent dealership in our state. This is a net positive for dealers and Hoosiers who will ultimately be the beneficiary of the program's success,” said Travis Baldwin, Indiana Independent Dealers Association President.

Senate Enrolled Act 222 also includes the following changes for auto dealers:

  • Dealers selling REBUILT or SALVAGE-branded vehicles must use a form prescribed by the Division to make required disclosures to purchasers.
  • Any fee, product, or service to be delivered or performed after a sale, that is not included in the advertised price of a vehicle, must be specifically and clearly shown in the sale or lease contract.
  • In the case of a new motor vehicle stop-sale directive, manufacturers must compensate dealers with (unsellable) inventory on their lots 1% of the new vehicle price per month.

The Indiana Securities Division is always evaluating how it can accomplish its mission to protect investors while promoting responsible capital formation without unnecessary regulation.  The Division proposed legislation to remove the Principal Manager License requirement from the Loan Broker industry.  House Enrolled Act 1336 passed without opposition and the Division anticipates a streamlined application process.

Both Senate Enrolled Act 222 and House Enrolled Act 1336 take effect on July 1, 2024.


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