Section 5579 - How to Report Sales or Transfers Between Dealers(a) When a dealer sells or transfers a new unit to another dealer, the dealer shown on the form HCD 483.0 ("MCO") in the designated area for "Name of Dealer or Transferee", shall complete the "First Assignment" area on side two of the MCO, and provide that document to the buying dealer.(1) The dealer shown in the "First Assignment" area on the back of the MCO shall complete the "Second Assignment" area on side two of the MCO, if there is a subsequent transfer between dealers.(2) In lieu of a selling dealer completing the appropriate "First Assignment" or "Second Assignment" area on side two of the MCO, the dealer shall complete and sign a Bill of Sale and provide that document to the buying dealer.(b) When a dealer sells or transfers a used unit to another dealer, the selling dealer may submit a notice of transfer, as specified in Section 5532.Cal. Code Regs. Tit. 25, § 5579
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18012.3 and 18100.5(a), Health and Safety Code.
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).