Okla. Admin. Code § 765:20-1-4 - Applicant
(a)
Duty to license. Any person
who conducts a wholesale used motor vehicle business, who is not a bona fide
employee of a used motor vehicle dealer or person licensed by the Oklahoma
Motor Vehicle Commission to sell new or unused motor vehicles, and whose
association with a used motor vehicle dealer is primarily for purposes of floor
planning, financing or drafting on the used motor vehicle dealer shall be
required to obtain a wholesale used motor vehicle dealer's license.
(b)
Principal business. A
wholesale used motor vehicle dealer must be engaged in the wholesaling of used
motor vehicles as a principal business in order to obtain and maintain his
license.
(c)
Resident.
A wholesale used motor vehicle dealer shall be a bona fide resident of the
State of Oklahoma as evidenced by an Oklahoma Driver's License or Oklahoma
Identification card issued by the Oklahoma Department of Public
Safety.
(d)
Application
required. Applications for license shall be verified by oath or
affirmation of the applicant and shall be on forms prescribed by the Commission
and furnished to such applicants. The applications shall contain information as
the Commission deems necessary to enable it to fully determine the
qualifications and eligibility of the applicant for license.
Notes
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