Iowa Admin. Code r. 761-425.13

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 761-425.13 - Business records of a motor vehicle dealer with multiple licenses

(1)Applicability. A motor vehicle dealer licensed under Iowa Code chapter 322 and this chapter who holds more than one motor vehicle dealer license may maintain the dealer's collective business records together at any of the dealer's licensed locations.

(2)Separation of records. Business records of licensed motor vehicle dealers kept at a single licensed location under this rule shall be stored separately and distinctly, in a manner distinguishable to each licensee, and shall not be commingled.

(3)Notification to the department. A motor vehicle dealer shall notify the vehicle and motor carrier services bureau in writing no fewer than ten days before moving the dealer's business records to another licensed location.

This rule is intended to implement Iowa Code sections 321.63 and 322.2 to 322.15.

Iowa Admin. Code r. 761-425.13

Amended by IAB March 13, 2019/Volume XLI, Number 19, effective 4/17/2019

Amended by IAB March 11, 2020/Volume XLII, Number 19, effective 4/15/2020