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23-112-609. Issuance of license certificate.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-112-609. Issuance of license certificate.
Upon satisfactory submission and verification of a fully executed application as required by § 23-112-607(a) and (b), payment of the fee provided for by § 23-112-608, and receipt of the corporate surety bond as required by § 23-112-607(c), the Department of Arkansas State Police shall issue the applicant a license certificate.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-112-609
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:23-112-609
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0cad3c910afaf4e9d5379673a9d64b1d91452fe7a78df0f8f56fe4ee6bcb675f
Source location: content.xml paragraph 63820
Stored source content
23-112-609. Issuance of license certificate.
Upon satisfactory submission and verification of a fully executed application as required by § 23-112-607(a) and (b), payment of the fee provided for by § 23-112-608, and receipt of the corporate surety bond as required by § 23-112-607(c), the Department of Arkansas State Police shall issue the applicant a license certificate.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-112-607. Dealer's license.
(a)(1) Persons wishing to obtain a used motor vehicle dealer's license shall submit a fully executed application on such used motor vehicle dealer application forms as may be prescribed by the Department of Arkansas State Police.
(2) The application shall be verified by the oath or affirmation of the applicant.
(b) An applicant for a used motor vehicle dealer's license or a licensee seeking to renew a used motor vehicle dealer's license shall establish that he or she has sold at least five (5) used motor vehicles during the previous calendar year.
(c) The department shall require in relation to the application the following information and verification prior to issuing a license certificate:
(1) A photograph of the business location;
(2) A corporate surety bond in the sum of at least twenty-five thousand dollars ($25,000);
(3) Proof of liability insurance coverage on all vehicles to be offered for sale in an amount equal to or greater than the amount required by the Motor Vehicle Safety Responsibility Act, § 27-19-101 et seq.;
(4) A list of the persons or entities having any ownership interest in the used vehicle dealership;
(5) A list of salespersons to be employed;
(6) That the applicant has a bona fide established place of business used primarily for the sale of used motor vehicles;
(7) That the applicant has a telephone number listed in the name of the business;
(8) That the applicant has a sign identifying the establishment as a used motor vehicle dealership legible from the street, road, or highway, and a picture thereof;
(9) That the applicant has a filing cabinet or other repository adequate to secure the business records of the establishment under lock and key or combination;
(10) Whether the applicant h
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-112-607
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-112-607. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-112-608. License certificate fees.
(a)(1) The fee for a license certificate shall be two hundred fifty dollars ($250) per year for each used motor vehicle dealer licensed.
(2)(A) The fee shall be for the licensing period beginning on January 1 of each year and ending on December 31 of each year and shall be renewable during the month of January following its expiration, unless the Department of Arkansas State Police provides by rule a staggered method of annual renewal.
(B)(i) If a license certificate has been expired for at least thirty-one (31) days but less than six (6) months, then the used motor vehicle dealer shall remit a late fee of thirty-five dollars ($35.00) before the used motor vehicle dealer's application shall be accepted.
(ii)(a) A license that is not renewed within six (6) months of its expiration date shall be deemed permanently expired.
(b) If a used motor vehicle dealer's license has permanently expired, then the used motor vehicle dealer may reapply for licensure, provided that the used motor vehicle dealer completes an application for licensure and remits all fees pursuant to this section.
(3) A dealer having more than one (1) location will receive an additional certificate for each second and subsequent location for one hundred twenty-five dollars ($125) each.
(b) Only used motor vehicle dealers licensed under this section shall qualify for used motor vehicle dealer's license plates from the Department of Finance and Administration.
(c) All fees for the issuance of a license certificate under the provisions of this section shall be remitted to the Department of Arkansas State Police and shall be deposited into the State Treasury as special revenues to the credit of the Department of Arkansas State Police Fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-112-608
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-112-608. This identifies an authority to review, not proof of applicability.