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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 765. Oklahoma Used Motor Vehicle and Parts Commission |
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Chapter 10. Used Motor Vehicle Dealers |
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Subchapter 1. Licensing Qualifications, Procedures and Fees |
SECTION 765:10-1-6. Issuance of license
Latest version.
- (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.