§951. Licensing of dealers 1. Definition. A person is “engaged in the business of buying, selling, exchanging, offering to negotiate, negotiating or advertising a sale of vehicles” if that person: A. Buys vehicles for the purpose of resale; [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 […]
§952. Requirements 1. Facilities. To qualify for a dealer license, an applicant must maintain the following facilities and personnel: A. Facilities for the display of vehicles being handled; [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] B. A repair department for repair of vehicles; […]
§953-A. Document fees A dealer selling a new or used motor vehicle shall post on the vehicle any document preparation fee that will be added to the vehicle’s sale price. A violation of this section is prima facie evidence of an unfair trade practice and is a violation of Title 5, section 207. [PL […]
§953. License to deal in new vehicle 1. License; new vehicle dealer. A person may not have on a licensed facility at any one time more than 5 new vehicles unless the person is licensed as a new vehicle dealer. [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, […]
§954. Special dealer licenses and plates 1. Equipment. Equipment dealer plates and a license may be issued to a person engaged in the manufacturing or buying and selling of: A. Farm tractors with engines in excess of 40 horsepower; [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, […]
§955. Change in status of dealership 1. Termination of new vehicle dealership. A new vehicle dealer whose franchise is terminated or changed shall immediately surrender the dealer plates and license to the Secretary of State. If business is to be continued, the Secretary of State shall issue the appropriate class of plates. [PL 1993, […]
§956. Record of transactions 1. Record of vehicles. A dealer shall complete and maintain for a period of not less than 5 years after the date of transaction a record of the purchase or sale of a vehicle and the following: A. A description of the vehicle, including make, model, model year, body type, […]
§957. Licensing of locations other than primary facilities 1. Annex license. The Secretary of State may issue to a dealer a license to operate an annex facility. An annex facility must be an established place of business, except that books and records may be kept at the dealer’s primary location. An annex facility must meet […]
