ENROLLED
Senate Bill No. 540
(By Senators Dittmar, Plymale, Love, Bowman,
Unger, Helmick, Ross and Kessler)
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[Passed March 11, 1999; in effect ninety days from passage.]
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AN ACT to amend article six, chapter seventeen-a of the code of
West Virginia, one thousand nine hundred thirty-one, as
amended, by adding thereto a new section, designated section
seventeen-a, relating to recognizing certain automobile
dealer practices as proper.
Be it enacted by the Legislature of West Virginia:
That article six, chapter seventeen-a of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section
seventeen-a, to read as follows:
ARTICLE 6. LICENSING OF DEALERS AND WRECKERS, ETC.
§17A-6-17a. Approved practices.
Notwithstanding any other provision of this code, a motor
vehicle dealer may, consistent with applicable federal law and regulations, advance money to retire an amount owed against a
motor vehicle used as a trade-in and finance repayment of that
money in a retail installment contract.