Relates to designating new automotive broker businesses

This bill establishes new rules for automobile brokers, requiring them to maintain a permanent physical location for their business and update their registration within thirty days if that address changes. It mandates that written contracts between brokers and consumers must include specific details such as the vehicle description, total price, estimated delivery date, and a clear statement that the broker cannot charge fees from both the buyer and the dealer. Additionally, the law requires these contracts to be easily cancellable with a full refund processed within ten business days if the final price exceeds the estimate by more than five percent or if the car is not delivered within thirty days of the estimated date. The legislation also enforces stricter advertising standards and requires that all mandatory contract terms be printed in bold, twelve-point type to ensure they are clearly visible to consumers.