Section 16-301. LICENSING REQUIREMENTS FOR DEALERS, SALESPERSONS, AUTOMOBILE REPOSSESSORS, AND SALES FINANCE COMPANIES

 

301.1No person shall engage in business as a dealer, a salesperson, an automobile repossessor, or a sales finance company unless that person holds a proper license issued to him or her pursuant to this chapter.

 

301.2For a period no longer than one (1) month after application for a license, an applicant for a salesperson's or automobile repossessor's license may engage in the occupation for which a license is being sought; Provided, that all of the following conditions are met:

 

(a)The applicant has not previously held a license as a dealer, salesperson, automobile repossessor, or sales finance company which has been suspended or revoked;

 

(b)The applicant has fully complied with all relevant filing requirements of § 302; and

 

(c)The applicant, if applying for a salesperson's license, has filed a certification by the dealer by whom he or she is employed that the applicant meets all of the qualifications for a salesperson required by § 302.

 

301.3No licensed dealer, salesperson, automobile repossessor, or sales finance company shall hold himself, herself, or itself out or engage in business as a licensed dealer, salesperson, automobile repossessor, or sales finance company under any name other than the name appearing on his, her, or its license.

 

301.4Any licensed sales finance company which engages in any activity of a dealer shall be deemed to be a dealer and subject to all of the provisions of this chapter relating to dealers.