Maine § 29-A §951 Licensing of dealers

Maine Statutes

§ 29-A §951 — Licensing of dealers

Maine·Title 29-A MOTOR VEHICLES AND TRAFFIC·Ch. 9 DEALERS

1.Definition. A person is "engaged in the business of buying, selling, exchanging, offering to negotiate, negotiating or advertising a sale of vehicles" if that person:

2.Dealers must be licensed. A person may not engage in the business of buying, selling, exchanging, offering to negotiate, negotiating or advertising a sale of vehicles unless that person has been issued a license under this subchapter. A dealer licensed by any other jurisdiction who sells vehicles only to licensed dealers in this State is exempt from this subsection. Violation of this subsection is a Class E crime.

3.Term.

4.Exemptions. Financial institutions, as defined in Title 9‑B, section 131, subsections 17 and 17‑A, are exempt from the requirements of this section when selling vehicles repossessed and sold by ful

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1.
Definition.
A person is "engaged in the business of buying, selling, exchanging, offering to negotiate, negotiating or advertising a sale of vehicles" if that person:
2.
Dealers must be licensed.
A person may not engage in the business of buying, selling, exchanging, offering to negotiate, negotiating or advertising a sale of vehicles unless that person has been issued a license under this subchapter. A dealer licensed by any other jurisdiction who sells vehicles only to licensed dealers in this State is exempt from this subsection. Violation of this subsection is a Class E crime.
3.
Term.
4.
Exemptions.
Financial institutions, as defined in Title 9‑B, section 131, subsections 17 and 17‑A, are exempt from the requirements of this section when selling vehicles repossessed and sold by full-time employees of the institution. Financial institutions that do not use full-time employees to repossess and sell vehicles must use dealers licensed pursuant to this chapter.
5.
Approval of location.
6.
Term.
Dealer licenses issued after the effective date of this subsection must be issued on a staggered basis and expire on the last day of the month, one year from issuance. All dealer licenses that are renewed for the renewal year 2000 must be done on a staggered basis and the license fees must be prorated accordingly.

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Legislative History

PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1997, c. 437, §24 (AMD). PL 1997, c. 776, §29 (AMD). PL 1999, c. 470, §§11,12 (AMD). PL 1999, c. 631, §1 (AMD). PL 2005, c. 71, §1 (AMD). PL 2005, c. 433, §13 (AMD). PL 2005, c. 433, §28 (AFF).