Section 75 IAC 4-2-7 - Transfer dealer license requirementsAuthority: IC 9-14-2-2
Affected: IC 9-13-2; IC 9-18
Sec. 7.
(a) Transfer dealers must be properly licensed by the secretary of state in order to receive transfer dealer plates.(b) An application for a new transfer dealer license and transfer dealer plates may be submitted any time prior to December 15 for the current license year. A transfer dealer license renewal application may be submitted thirty (30) days prior to the license expiration date.(c) An applicant who applies for a license under this section after December 15 shall be eligible to be licensed for the following year.(d) A transfer dealer shall do the following: (1) Furnish a federal identification number and a retail merchant's certificate number.(2) Have a place of business which is devoted to the conduct of a business related to the sale of motor vehicles. The place of business must be a permanent, enclosed building or structure. The place of business shall not include a residence, tent, temporary stand, or permanent quarters temporarily occupied. Parking or storage of a minimum of ten (10) motor vehicles must be provided.(3) Furnish photographs of the place of business with the initial application for a transfer dealer license. These photographs must include, but are not limited to, the major sales, storage, and office space utilized by the transfer dealer. The photographs must be not less than three (3) inches by five (5) inches in size. The photographs must be updated if the dealership is moved or if its physical facilities are substantially altered or modified.(4) The transfer dealer must be in good standing with the bureau of motor vehicles, the department of revenue, and the state police department.(5) Furnish proof of coverage by garage liability insurance under IC 9-32-11-14 if the dealer has an established place of business. The transfer dealer must be covered by business liability insurance if the dealer has a place of business.(6) Provide a statement delineating the type and extent of the dealer's business.(e) Unless conflicting with the provisions of this section, all rules that the secretary of state finds applicable governing dealers shall apply to transfer dealers.Secretary of State; 75 IAC 4-2-7; filed Jan 5, 1994, 5:00 p.m.: 17 IR 976; readopted filed Oct 17, 2001, 4:50 p.m.: 25 IR 913; readopted filed Nov 14, 2007, 1:30 p.m.: 20071212-IR-140070563RFA; errata filed Jul 22, 2013, 10:52 a.m.: 20130807-IR-075130343ACA; readopted filed Nov 13, 2013, 3:25 p.m.: 20131211-IR-075130451RFATransferred from the Bureau of Motor Vehicles ( 140 IAC 3.5-2-9) to the Secretary of State ( 75 IAC 4-2-7) by P.L. 106-2008, SECTION 54, effective July 1, 2008.