4501:1-3-04 Dealer required to maintain records.

(A) A motor vehicle dealer, a motor vehicle auction owner and a motor vehicle distributor shall maintain the following records of all motor vehicles purchased, leased and sold:

(1) Name and address of the previous owner;

(2) Serial number (vehicle identification number);

(3) Title number, county and state;

(4) Year and make of said vehicle;

(5) A purchase agreement for each vehicle sold, which shall include a description of the vehicle, the name and address of the purchaser, the sales price, the odometer reading and may include the dealer's permit number;

(6) Lease contracts and security agreements;

(7) Odometer disclosure statement for each vehicle ;

(8) A record of temporary tags sold on each vehicle

(B) Records must be maintained and easily accessible for a period of three years by those holding a license granted under Chapter 4517. of the Revised Code and by any person who held a license and has since gone out of business.

(C) The business records shall be open for reasonable inspection by the registrar or his authorized agent.

Cite as Ohio Admin. Code 4501:1-3-04

R.C. 119.032 review dates: 08/28/2014 and 08/28/2019
Promulgated Under: 119.03
Statutory Authority: 4501.02, 4517.32
Rule Amplifies: 4517.04, 4517.05, 4517.06, 4517.12, 4517.08
Prior Effective Dates: 8/3/78, 12/8/86, 4/20/96, 5/9/98, 7/1/09, 7/1/10

Prior History: (Effective: 07/01/2010
R.C. 119.032 review dates: 03/02/2014
Promulgated Under: 119.03
Statutory Authority: R.C. 4501.02, 4517.32
Rule Amplifies: R.C. 4517.04, 4517.05, 4517.06, 4517.07, 4517.08
Prior Effective Dates: 8/3/78, 12/8/86, 4/20/96, 5/9/98, 7/1/09 )