Ga. Comp. R. & Regs. 60-2-1-.36

Current through Rules and Regulations filed through June 17, 2024
Rule 60-2-1-.36 - Transfer and Resale of a Reacquired Vehicle
(1) A reacquired vehicle shall not be transferred, leased, or sold, either at wholesale or retail, unless the following conditions are met:
(a) At the time of each transfer of the reacquired vehicle, the transferor shall provide the transferee the form required by Rule 60-2-1-.35.
(b) The ultimate consumer must be provided the opportunity to read the form in its entirety before purchasing or leasing the reacquired vehicle.
(c) Both the transferor of the reacquired vehicle and the ultimate consumer must sign the form at the time of the sale or lease to the ultimate consumer. The original of the form shall be provided to the ultimate consumer. The transferor of the reacquired vehicle must send a copy of the completed and dated form to the Attorney General within thirty (30) days from the date of the sale or lease.
(2) The manufacturer shall activate the warranty required pursuant to O.C.G.A. § 10-1-790(a)(2) at the time of the sale or lease of the reacquired vehicle to the ultimate consumer. The manufacturer shall also notify the Attorney General that the warranty has been activated within ninety (90) days of the sale or lease. The manufacturer shall notify the Attorney General on a form prescribed by the Attorney General. In lieu of the form prescribed herein, the Attorney General may approve an alternative form proposed by the manufacturer if it has substantially the same content as the Attorney General's form. If a manufacturer submits a proposed alternative form, the Attorney General shall review it and notify the manufacturer in writing whether the proposed alternative form is approved or disapproved.

Ga. Comp. R. & Regs. R. 60-2-1-.36

O.C.G.A. §§ 10-1-790, 10-1-795.

Original Rule entitled "Transfer and Resale of a Reacquired Vehicle" adopted. F. May 16, 2016; eff. June 5, 2016.