Virginia law requires certain nonprofit organizations that donate vehicles to low-income individuals and meet specific criteria to obtain a dealer's license. These organizations are exempt from some licensing and recovery fund requirements when providing up to twelve donated vehicles annually. The law also allows approved nonprofits to consign donated vehicles to licensed dealers with proper certification.
Nonprofit organizations exempt from federal tax under § 501(c)(3) that donate more than twelve vehicles annually or do not meet specific exemption criteria must obtain a dealer's license.
Yes, if they donate no more than twelve vehicles per year, only receive reimbursement for certain costs, and meet other criteria, they are exempt from licensing requirements.
Yes, approved nonprofits can obtain a certificate to consign donated vehicles to licensed Virginia dealers after receiving approval from the Board.
No, transactions conducted by qualifying nonprofit organizations are exempt from recovery fund recovery.