Relates to designating new automotive broker businesses

This bill updates regulations for automobile brokers by requiring them to maintain a permanent physical location for their business and to update their registration address within thirty days of any change. It mandates that brokers provide consumers with a detailed written contract before purchasing or leasing a vehicle, which must include specific disclosures about the car's price, delivery timeline, warranty terms, and the source of the broker's compensation. The legislation also clarifies that brokers cannot charge fees from both the buyer and the dealer simultaneously and requires a standardized cancellation form to ensure consumers can easily terminate the agreement and receive refunds if the deal falls through.