Filed as: Motor Vehicles Dealer Cleanup and Permanent Closure Process
Motor vehicle dealers must now establish formal permanent-closure procedures and liquidate inventory within forty-five days. Dealers must also retain physical records for at least twelve months, notify the department before closing, and cannot use "broker" or "wholesale" in business names or advertising.
AI-generated from the adopted rule text — verify against the official documents.
The effect of the rules will be to establish procedures for permanent closure of a motor vehicle dealer, to establish certain required uses of the Department’s 605Drive system, to permit retention of electronic records, to require retention of certain paper records for at least a year, to require document fees be advertised for customers in accordance with federal law, to prohibit the use of “broker” and “wholesale” in dealer names and advertising materials, and to provide form and style adjustments.
No specific cites listed — see the package documents.