TO AMEND SECTION 56-15-410, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO NONFRANCHISE AUTOMOBILE DEALER PRE-LICENSING COURSE REQUIREMENTS, SO AS TO PROVIDE THAT A DEALER WHO HAS OPERATED A DEALERSHIP FOR AT LEAST FIVE YEARS OR HAS COMPLETED SUCCESSFULLY AT LEAST EIGHT HOURS OF PRE-LICENSING EDUCATION COURSES WITHIN THE LAST FIVE YEARS, IS NOT REQUIRED TO COMPLETE ADDITIONAL PRE-LICENSING COURSES WHEN HE MOVES HIS DEALERSHIP TO ANOTHER LOCATION.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 56-15-410 of the 1976 Code, as added by Act 9 of 2005, is amended to read:

"Section 56-15-410.    (A)    An applicant for an initial nonfranchise automobile dealer license must complete successfully at least eight hours of pre-licensing education courses before he may be issued a license. At least one shareholder listed on the application for an initial nonfranchise automobile dealer license must comply with the education requirement contained in this section.

(B)    A dealer who has operated a dealership for at least five years, or who has completed successfully at least eight hours of pre-licensing education courses within the last five years, is not required to complete additional pre-licensing courses when he moves his dealership to another location."

SECTION    2.    This act takes effect upon approval by the Governor.