§ 39-22-23 — Auto auction operators - License required - Records required - Penalty

1. A person may not operate a wholesale or retail auto auction business without being
licensed as a motor vehicle dealer. An auto auction operator must keep records related
to the seller and purchaser of all vehicles sold through the operator's business for at
least two years and make those records available to the director or an authorized
representative of the director upon reasonable request.
2. The department may assess a person violating this section a one hundred dollar fee
for a first violation and a two hundred dollar fee for a second violation within two years
of the first violation. The department may suspend the license of a motor vehicle
dealer licensed under this chapter if a third or subsequent violation of this section
occurs within five years of the first violation.