Section 492.113 – Installment Sale Contract; Contents; Collateral Security; Notice of Legal Rights; Liability.
492.113 Installment sale contract; contents; collateral security; notice of legal rights; liability. Sec. 13. (1) An installment sale contract shall include the full names and addresses of all the parties to the contract, the date when signed by the buyer, and a description of the motor vehicle sold that is sufficient for accurate identification. (2) […]
Section 492.105 – Bond to Accompany First License Application; Bond Applicable to Principal Place of Business; Form; Penal Sum; Execution; Condition; Action on Bond; Filing New Bond or Renewal Certificate.
492.105 Bond to accompany first license application; bond applicable to principal place of business; form; penal sum; execution; condition; action on bond; filing new bond or renewal certificate. Sec. 5. (a) Except as provided in subdivision (b), a bond, in the form prescribed by the administrator, in the penal sum of $20,000.00 shall accompany the […]
Section 492.106 – License; Application; Fee; Abatement in Amount of License Fee; Expiration of License; Examination Fee; Hourly Rate and per Contract Rate; Invoice; Payment; Disposition and Use of Fees and Expenses.
492.106 License; application; fee; abatement in amount of license fee; expiration of license; examination fee; hourly rate and per contract rate; invoice; payment; disposition and use of fees and expenses. Sec. 6. (a) An application for license shall be accompanied by a license fee in the following amounts: 1. $30.00 for license as an installment […]
Section 492.106a – Receipt of Completed Application for New or Renewal License; Issuance of License Within Certain Time Period; Report.
492.106a Receipt of completed application for new or renewal license; issuance of license within certain time period; report. Sec. 6a. (1) Subject to subsection (3), beginning on the effective date of the amendatory act that added this section, the administrator shall approve or reject a new or renewal license application within 90 days after the […]
Section 492.107 – License Certificate; Issuance; Posting; License Nontransferable and Nonassignable; Change in Business Location; Notice; Amendment of License Certificate; Fee; Operating More Than 1 Place of Business.
492.107 License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 place of business. Sec. 7. (a) Upon approving a license application, the administrator shall issue to the applicant a license certificate showing the name of the person authorized to do business under […]
Section 492.108 – License; Application, Rejection, Grounds, Notice; Retention of Fee.
492.108 License; application, rejection, grounds, notice; retention of fee. Sec. 8. (a) The administrator may reject any application for license or any application for renewal of a license if he is not satisfied that the financial responsibility and the general fitness of the applicant and of the owners, partners or members thereof, if the applicant […]
Section 492.109 – License; Revocation or Suspension; Grounds; Appeal.
492.109 License; revocation or suspension; grounds; appeal. Sec. 9. (a) The administrator, upon 30 days written notice to the licensee, forwarded by registered mail to the place of business of such licensee, as shown in the application for license or as amended on the license certificate in case of change of address subsequent to issuance […]
Section 492.110 – Investigation and Examination of Records; Access to Place of Business; Required Witness Attendance; Subpoena; Forms, Rules and Regulations.
492.110 Investigation and examination of records; access to place of business; required witness attendance; subpoena; forms, rules and regulations. Sec. 10. (a) The administrator is authorized and empowered to investigate and examine at any time during regular business hours any and all books, accounts, papers, records, documents and files, to the extent that such investigation […]
Section 492.25 – Offering, Selling, or Providing Guaranteed Asset Protection Waiver; Requirements; Contractual Liability or Other Insurance Policy.
492.25 Offering, selling, or providing guaranteed asset protection waiver; requirements; contractual liability or other insurance policy. Sec. 5. (1) All of the following apply to offering, selling, or providing a guaranteed asset protection waiver to a borrower in this state: (a) Beginning 180 days after the effective date of this act, a creditor that offers, […]
Section 492.27 – Disclosure; Contents.
492.27 Disclosure; contents. Sec. 7. A guaranteed asset protection waiver must disclose, in writing and in clear, understandable language that is easy to read, all of the following, if applicable: (a) The name and address of the initial creditor and the borrower at the time of sale, and the identity of any administrator if different […]