49 Pa. Code § 1.26 - Application for auction house and auction company licenses
(a) An applicant for an auction house or
auction company license shall:
(1) Complete
and submit the application provided by the Board.
(2) Submit with the application a check or
money order for the required fee, payable to the "Commonwealth of
Pennsylvania."
(3) File with the
Board an approved surety bond payable to the Commonwealth in the amount of
$5,000 in accordance with section 13 of the act (63 P. S. §
734.13).
(b) Auction houses and auction companies
which were issued licenses prior to July 8, 1989, and have not paid the
required fee shall remit the fee within 30 days of receipt of notice from the
Board and thereafter will be required to pay the biennial renewal fee. Failure
to remit the required licensure fee within that time will result in the license
being placed on inactive status. The Board may take disciplinary action against
a license holder for operation of an auction house or auction company when the
license is on inactive status.
Notes
The provisions of this § 1.26 issued under sections 6(a), 9(b) and 10(b) of The Auctioneer and Auction Licensing Act (63 P. S. §§ 734.6(a), 734.9(b) and 734.10(b)).
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