S.B. 1526 78(R)    BILL ANALYSIS


S.B. 1526
By: Brimer
Financial Institutions
Committee Report (Amended)



BACKGROUND AND PURPOSE 

Currently, information contained in an application for a motor vehicle
sales finance license issued by the consumer credit commissioner
("commissioner") is not confidential and could be subject to open records
requests.  The commissioner is permitted to require, as part of a license
application, that auto dealerships provide fingerprints of persons not
involved in the direct sale or finance of vehicles.   

S.B. 1526 makes confidential the information contained in an application
for a motor vehicle sales finance license and prohibits the commissioner
from requiring the fingerprints of persons not involved in motor vehicle
finance. 

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any
additional rulemaking authority to a state officer, department, agency, or
institution. 

ANALYSIS

S.B. 1526 makes confidential the information contained in an application
for a motor vehicle sales finance license or other information relating to
a license applicant or holder on file with the commissioner.  Such
information may be disclosed in a judicial or administrative proceeding
pursuant to a subpoena. 

The bill prohibits the commissioner from requiring a person who is not
regularly engaged in the financing of motor vehicle sales from submitting
fingerprints.  The commissioner may not revoke or suspend a motor vehicle
sales finance license because such person's fingerprints were not
provided. 

EFFECTIVE DATE

September 1, 2003

EXPLANATION OF AMENDMENTS

The amendment clarifies that only information in or relating to an
application is confidential.