-
(a)
-
(1) The fee for a license certificate shall be two hundred fifty dollars ($250) per year for each used motor vehicle dealer licensed.
-
(2)
-
(A) The fee shall be for the licensing period beginning on January 1 of each year and ending on December 31 of each year and shall be renewable during the month of January following its expiration, unless the Department of Arkansas State Police provides by rule a staggered method of annual renewal.
-
(B)
-
(i) If a license certificate has been expired for at least thirty-one (31) days but less than six (6) months, then the used motor vehicle dealer shall remit a late fee of thirty-five dollars ($35.00) before the used motor vehicle dealer’s application shall be accepted.
-
(ii)
-
(a) A license that is not renewed within six (6) months of its expiration date shall be deemed permanently expired.
-
(b) If a used motor vehicle dealer’s license has permanently expired, then the used motor vehicle dealer may reapply for licensure, provided that the used motor vehicle dealer completes an application for licensure and remits all fees pursuant to this section.
-
-
-
-
(3) A dealer having more than one (1) location will receive an additional certificate for each second and subsequent location for one hundred twenty-five dollars ($125) each.
-
-
(b) Only used motor vehicle dealers licensed under this section shall qualify for used motor vehicle dealer’s license plates from the Department of Finance and Administration.
-
(c) All fees for the issuance of a license certificate under the provisions of this section shall be remitted to the Department of Arkansas State Police and shall be deposited into the State Treasury as special revenues to the credit of the Department of Arkansas State Police Fund.
