§ 28-4405 — Display of license; continuation date; late penalty

A. A license issued under this chapter:

1. Shall be conspicuously displayed in either:

(a) The established place of business for which it was obtained.

(b) The place of business if the licensee is a broker or a wholesale vehicle dealer.

2. Is not transferable or subject to sale or reassignment.

B. The director may issue licenses with staggered continuation dates to distribute the continuation workload as uniformly as practicable throughout the twelve months of the calendar year. In order to initiate a staggered license continuation system, the director may issue a license for more or less than a twelve-month period, but not more than eighteen months, and may prorate the license fee.

C. A motor vehicle dealer licensee shall submit its renewal application, evidence of its current transaction privilege tax license and applicable renewal fees to the department of transportation on or before the license continuation date. For the purposes of renewal, the license continuation date is as follows:

1. If the motor vehicle dealer is also a licensed dealer pursuant to title 44, chapter 2.1, the date prescribed by the initial licensing department, either the department of transportation or the department of insurance and financial institutions.

2. If the motor vehicle dealer is not also a licensed dealer pursuant to title 44, chapter 2.1, the date prescribed by the department of transportation.

D. If a licensee fails, neglects or refuses to pay the required fee for the ensuing year on or before the license continuation date, the fee is delinquent and a penalty equal to the fee shall be added to the fee and collected.