Section 75 IAC 4-2-9 - Wholesale dealer, auctioneer, and broker licensesAuthority: IC 9-14-2-2
Affected: IC 9-13-2; IC 9-23
Sec. 9.
(a) Wholesale dealers, automobile auctioneers, and brokers must be properly licensed by the secretary of state in order to receive dealer plates.(b) An application for a new wholesale dealer license and dealer plates may be submitted any time prior to December 15 for the current license year. A wholesale dealer, automobile auctioneer, or broker license renewal application may be submitted thirty (30) days prior to the license expiration date.(c) Any applicant who applies for a license after December 15 is eligible to be licensed for the following year.(d) The following are minimum requirements for licensing wholesale dealers, automobile auctioneers, and brokers: (1) An applicant must furnish a federal identification number and a retail merchant's certificate number.(2) An applicant must be covered by business liability insurance in an amount determined by the secretary of state.(3) An applicant must be in good standing with the bureau of motor vehicles, the department of revenue, and the state police department.(4) Each applicant must submit to an investigation by the secretary of state within one hundred twenty (120) days following the issuance of the wholesale dealer license. Business records must be presented to verify the number of monthly sales. Each applicant will be contacted at the address given on the license application. If the applicant is not available when the investigator calls, it will be the responsibility of the dealer to contact the secretary of state to arrange for a subsequent visit. Dealer plates will not be renewed under this section until an investigation has been conducted.(5) The wholesale dealer must provide a permanent Indiana address at which the dealer may be contacted by the secretary of state.(6) A wholesale dealer must sell a minimum of one hundred twenty (120) vehicles per year.(7) Unless conflicting with the provisions of this section, all rules that the secretary of state finds applicable governing dealers shall apply to wholesale dealers, automobile auctioneers, and brokers.(8) A wholesale dealer, except a dealer licensed as an automobile auctioneer, may not sell vehicles to the general public. Secretary of State; 75 IAC 4-2-9; filed Jan 5, 1994, 5:00 p.m.: 17 IR 976; readopted filed Oct 17, 2001, 4:50 p.m.: 25 IR 914; 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 3.5-2-11) to the Secretary of State ( 75 IAC 4-2-9) by P.L. 106-2008, SECTION 54, effective July 1, 2008.