Okla. Admin. Code § 765:10-1-6 - Issuance of license
(a)
Name. A used motor vehicle dealer's license will be issued in the
legal name of the individual proprietorship, partnership, corporation , limited
liability company or other legal entity, as identified on the application for
dealer license. A license shall not be issued in a name which does not reflect
the nature of the licensee's business nor any name which is misleading or
confusing to those with whom the licensee deals. For example, a dealer shall
not use the term "leasing" in his name if the dealer's business does not
include that activity.
(b)
Certificate. A used motor vehicle dealer's license shall consist
of a signed certificate bearing the official seal of the Commission and shall
specify the name and location of the place of business and assigned dealer
number, which shall be posted in a conspicuous place in the dealer's place or
places of business. The used motor vehicle dealer's license number will be
prefixed with UD, followed by a four digit number and then the current year of
license (UD-0000-90).
(c)
Titles. The valid used motor vehicle dealer's license permits the
dealer to transfer and assign titles and purchase and sell used motor vehicles
without paying excise tax.
(d)
Card. The dealer or designated managing officer will receive a
gratis salesman's identification card which shall be carried upon his person at
all times while acting as a used motor vehicle dealer.
(e)
Beginning business. No
applicant for a used motor vehicle dealer's license shall conduct business
until such time as the Commission has issued him a license.
Notes
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