AN ACT TO AMEND TITLE 21 OF THE DELAWARE CODE RELATING TO DEALER PROCESSING FEES.

Currently Delaware has no cap on dealer processing fees which permits motor vehicle dealers to arbitrarily charge whatever amounts they wish leading to great discrepancy of these fees among dealers and a lack of protection for consumers. Currently Pennsylvania has a $449 statutory cap on dealer processing fees and Maryland has a $500 statutory cap. This is a Substitute bill that in addition to defining “dealer processing fees” and setting a statutory cap of $475 on the dealer processing fee also clarifies that the fee does not include any fees payable to the Division of Motor Vehicles. This Substitute bill also adds the requirement that the dealer conspicuously disclose all required items in the bill of sale, in 10-point font or larger, if typed. This Act also makes technical corrections to conform existing law to the Delaware Legislative Drafting Manual.