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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 20. Wholesale Used Motor Vehicle Dealers |
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Subchapter 1. Licensing Qualifications, Procedures and Fees |
SECTION 765:20-1-2. Additional definitions
Latest version.
- The following words or terms, when used in this Chapter, shall have the following meaning unless the context clearly indicates otherwise:"Approved location" means the physical property location of the wholesale used motor vehicle dealer's office which meets local zoning requirements and other requirements for licensing as a wholesale used motor vehicle dealer's place of business."Office" means a permanent room or building separate and apart from any other business, devoted exclusively to the operation of the wholesale used motor vehicle dealer's business."Principal business" means the business of wholesaling used motor vehicles with the intent to make a profit, which shall be a primary source of income or support for the wholesale used motor vehicle dealer and shall not include a business which has the primary purpose to avoid payment of excise tax, license fees or other state fees for vehicles used primarily for personal use."Records" means bills of purchase or sale, odometer statements, invoices of repair or expense, certificates of title, and accounting records for the operation of the business, including, but not limited to, checking accounts, checks, drafts, and/or financing agreements for inventory."Sign" means a means of identifying the location of the wholesale used motor vehicle dealer's business."Telephone" means any telephonic device for communication which can be business listed in a telephone directory for the telephone service area in which the wholesale used motor vehicle dealer's business is located and may include cell phones"."Wholesale used motor vehicle dealer" means any person who, for a commission or with intent to make a profit or gain of money or other thing of value, sells, brokers, exchanges, rents with option to purchase, or offers or attempts to negotiate a sale or exchange of interest in used motor vehicles exclusively to used motor vehicle dealers, or who is engaged in the business of selling used motor vehicles exclusively to used motor vehicle dealers, whether or not such motor vehicles are owned by such person, but shall not include any person who is not engaged in such activity as a principal business."Zoning or other municipal requirements" means authorization in writing from the local governmental body which has authority to regulate zoning, to conduct the business of wholesale auto sales at the location stated as the wholesale used motor vehicle dealer's place of business on his application for license.