Virginia law requires vehicle licensees to keep detailed records of all vehicle transactions, including descriptions, prices, identification, and signatures. These records must be maintained at the licensee’s business location and include copies of IDs and photographs. The law also stipulates additional documentation for the sale of nonrepairable vehicles and major component sales.
They must keep descriptions, prices, IDs, signatures, photos, and related documentation for each vehicle sale, purchase, or exchange.
Yes, licensees must retain photocopies of the seller's and buyer's IDs, such as driver's licenses or state IDs.
A photocopy of the buyer's business license or authorized third-party documentation is required, along with proof of authorization.
Records must be kept at the licensee’s place of business.