This law requires vehicle dealers in Virginia to obtain a certificate of title for each vehicle purchased, with certain exceptions. Dealers must notify the Department before ceasing business, surrender licenses and materials, and maintain records. The provisions also extend to watercraft trailers and watercraft trailer dealers, with specific rules applicable to them.
Dealers must obtain a certificate of title for each vehicle purchased or an assignment of an existing title, except for new vehicles sold as such.
Yes, violating these provisions is considered a Class 1 misdemeanor in Virginia.
They must notify the Department 30 days in advance, surrender all licenses, plates, and materials, and maintain records after closing.
Yes, the provisions extend to watercraft trailers and watercraft trailer dealers, with specific rules outlined for them.