Okla. Stat. tit. 47, § 47-1112.1
This is the official text of Okla. Stat. tit. 47, § 47-1112.1, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Motor vehicle dealers - Disclosure of certain vehicle
Official statutory text
damage.
A. Every dealer shall disclose in writing to the purchaser of a
new or previously unregistered motor vehicle, prior to entering into
a contract for the vehicle or, if unknown at that time, prior to
delivery of the vehicle, the following information:
1. Any material damage known by the dealer to have been
sustained by the vehicle and subsequently repaired; and
2. Any damage, including but not limited to material damage or
flood damage, known by the dealer to have been sustained by the
vehicle and not repaired.
B. For purposes of this section, "material damage" means damage
sustained by a motor vehicle as follows:
1. The damage required repairs having a value, including parts
and labor calculated at the repairer's cost, exceeding three percent
(3%) of the manufacturer's suggested retail price of the vehicle or
Five Hundred Dollars ($500.00), whichever is greater. The
replacement of damaged or stolen components, excluding the cost of
repainting or refinishing those components, if replaced by the
installation of new original manufacturer's equipment, parts, or
accessories that are bolted or otherwise attached as a unit to the
vehicle, including but not limited to, the hood, bumpers, fenders,
mechanical parts, instrument panels, moldings, glass, tires, wheels,
and electronic instruments, shall be excluded from damage
calculation, except that any damage having a cumulative repair or
replacement value which exceeds ten percent (10%) of the
manufacturer's suggested retail price of the vehicle shall be deemed
material damage;
2. The damage was to the frame or drive train of the motor
vehicle;
3. The damage occurred in connection with a theft of the entire
vehicle; or
4. The damage was to the suspension of the vehicle requiring
repairs other than wheel balancing or alignment.
A. Every dealer shall disclose in writing to the purchaser of a
new or previously unregistered motor vehicle, prior to entering into
a contract for the vehicle or, if unknown at that time, prior to
delivery of the vehicle, the following information:
1. Any material damage known by the dealer to have been
sustained by the vehicle and subsequently repaired; and
2. Any damage, including but not limited to material damage or
flood damage, known by the dealer to have been sustained by the
vehicle and not repaired.
B. For purposes of this section, "material damage" means damage
sustained by a motor vehicle as follows:
1. The damage required repairs having a value, including parts
and labor calculated at the repairer's cost, exceeding three percent
(3%) of the manufacturer's suggested retail price of the vehicle or
Five Hundred Dollars ($500.00), whichever is greater. The
replacement of damaged or stolen components, excluding the cost of
repainting or refinishing those components, if replaced by the
installation of new original manufacturer's equipment, parts, or
accessories that are bolted or otherwise attached as a unit to the
vehicle, including but not limited to, the hood, bumpers, fenders,
mechanical parts, instrument panels, moldings, glass, tires, wheels,
and electronic instruments, shall be excluded from damage
calculation, except that any damage having a cumulative repair or
replacement value which exceeds ten percent (10%) of the
manufacturer's suggested retail price of the vehicle shall be deemed
material damage;
2. The damage was to the frame or drive train of the motor
vehicle;
3. The damage occurred in connection with a theft of the entire
vehicle; or
4. The damage was to the suspension of the vehicle requiring
repairs other than wheel balancing or alignment.
Status: in_force · Read it on the official government site
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