75 IAC 2-2-10 - Wholesale dealer, auctioneer, and broker licenses
Authority: IC 9-23-0.7-1
Affected: IC 9-13-2; IC 9-23
Sec. 10.
(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.
Notes
Under P.L. 184-2007, SECTION 66, 140 IAC 3.5-2-11 was renumbered by the Publisher as 75 IAC 2-2-10, effective July 1, 2007.
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