Ohio Admin. Code 4501:1-3-37 - Construction equipment auction required to maintain records
(A)
A construction equipment auction shall maintain the
following records covering the purchase and sale of all motor vehicles having a
gross vehicle weight rating of ten thousand pounds or less:
(1)
The year and
make of the motor vehicle;
(2)
The vehicle
identification number (VIN);
(3)
The name and
address of the previous owner;
(4)
The title number
and the county and state of issuance of the previous title;
(5)
The odometer
reading at the time of purchase;
(6)
The name and
address of the purchaser, the sales price, and the odometer reading at the time
of sale;
(7)
The odometer disclosure statement;
(8)
A record of any
temporary tag sold for each motor vehicle.
(B)
A construction
equipment auction shall maintain financial records sufficient to demonstrate
that the business receives more than one million dollars in gross annual sales
in Ohio and derives not more than ten per cent of its gross annual sales
revenue in Ohio from the sale of motor vehicles having a gross vehicle weight
rating of ten thousand pounds or less.
(C)
The business
records of a construction equipment auction licensee shall be maintained in an
easily accessible manner and shall be open for reasonable inspection by the
registrar of motor vehicles or the registrar's authorized agents for a period
of not less than three years from the date of the transaction or the date of
the creation of the record, whichever is later.
(D)
The construction
equipment auction facility shall be open to inspection by the registrar or the
registrar's authorized agents at all reasonable times prior to the issuance to
any license and during the term of any such license.
Notes
Promulgated Under: 119.03
Statutory Authority: 4517.17
Rule Amplifies: 4517.16, 4517.17, 4517.18
Prior Effective Dates: 05/23/2013
Promulgated Under: 119.03
Statutory Authority: R.C. 4517.17
Rule Amplifies: R.C. 4517.16, 4517.17, 4517.18
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