520.02 – Definitions.
520.02 Definitions.—In this act, unless the context or subject matter otherwise requires: (1) “Branch” means any location, other than a licensee’s principal place of business, at which a licensee operates or conducts business under this act or which a licensee owns or controls for the purpose of conducting business under this act. (2) “Cash price” means the price […]
520.03 – Licenses.
520.03 Licenses.— (1) A person may not engage in the business of a motor vehicle retail installment seller or operate a branch of such business without a license as provided in this section; however, a bank, trust company, savings and loan association, or credit union authorized to do business in this state is not required to obtain […]