§ 218.52 — Purchases from motor vehicle salvage pools.

Wisconsin § 218.52

• Jurisdiction: Wisconsin
• Ch. 218: Finance companies, auto dealers, adjustment companies and collection agencies
• Subch.: subch. X of ch. 218 SUBCHAPTER X

Text

218.52
218.52(1) (1) No person may purchase or submit a bid for the purchase of a motor vehicle from a motor vehicle salvage pool unless the following conditions are satisfied:
218.52(1)(a) (a) The person is a cardholder and the person’s buyer identification card has not been suspended or revoked.
218.52(1)(b) (b) The person displays his or her valid buyer identification card to the salvage pool and includes his or her buyer identification number on each sheet of any bid submitted to a motor vehicle salvage pool for the purchase of a motor vehicle or other document evidencing the purchase of a motor vehicle from a motor vehicle salvage pool.
218.52(2) (2) No motor vehicle salvage pool may accept a bid for the purchase of a motor vehicle or complete the sales transaction unless the person who submits the bid or offers to purchase a motor vehicle from the motor vehicle salvage pool satisfies the conditions under sub. (1) (b) and the motor vehicle salvage pool verifies that the buyer identification number displayed on the person’s buyer identification card and included on each sheet of that person’s bid or other document evidencing the purchase of a motor vehicle are identical.
218.52(3) (3) For each motor vehicle sold by a motor vehicle salvage pool, the motor vehicle salvage pool shall enter on the certificate of title, or on the form or in the automated format used to reassign the title, any information that the department requires to indicate that ownership of the vehicle was transferred by a motor vehicle salvage pool.
218.52(4) (4) Section 342.157 applies to motor vehicles sold by a motor vehicle salvage pool under this section.

Legislative History

218.52 History History: 1987 a. 349 ; 1993 a. 159 ; 1997 a. 27 .