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27-14-2303. Disclosure requirements.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-2303. Disclosure requirements.
(a)(1) When any dealer in this state offers for sale a motor vehicle which carries a title branded pursuant to this subchapter, the dealer shall disclose to any prospective buyer or purchaser prior to sale the nature of the title brand and shall furnish him or her a description of the damage sustained by the motor vehicle on file with the Office of Motor Vehicle.
(2) The disclosure shall be on a buyer's notification form to be prescribed by the Consumer Protection Division of the Office of the Attorney General.
(3)(A) The form shall be fully filled out and affixed to a side window of the motor vehicle with the title “Buyer's Notification” facing to the outside.
(B) The form may be removed temporarily from the window during any test drive, but it shall be replaced as soon as the test drive is over.
(b)(1) When any motor vehicle owner who is not a dealer knowingly offers for sale or trade a motor vehicle which carries a title branded pursuant to this subchapter, the owner shall disclose to any prospective buyer or purchaser prior to the sale or trade the nature of the title brand and shall furnish him or her a description of the damage sustained by the motor vehicle as on file with the Office of Motor Vehicle.
(2) The disclosure shall be on a buyer's notification form to be prescribed by the division.
(c)(1) The form to be prescribed by the division shall have an acknowledgment section that the seller shall require the buyer to sign prior to completing a sales transaction on a motor vehicle that carries a branded title.
(2) The seller shall retain a copy of the signed notification form.
(d)(1) Failure of the seller to procure the buyer's acknowledgment signature shall render the sale voidable at the election of the bu
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-2303
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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Record provenance
Stable record: arkansas_code:legal_authorities:27-14-2303
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 88bac023cf75b62fd6d867c5f651985902d121b56311d0529321c42bd388457d
Source location: content.xml paragraph 4066
Stored source content
27-14-2303. Disclosure requirements.
(a)(1) When any dealer in this state offers for sale a motor vehicle which carries a title branded pursuant to this subchapter, the dealer shall disclose to any prospective buyer or purchaser prior to sale the nature of the title brand and shall furnish him or her a description of the damage sustained by the motor vehicle on file with the Office of Motor Vehicle.
(2) The disclosure shall be on a buyer's notification form to be prescribed by the Consumer Protection Division of the Office of the Attorney General.
(3)(A) The form shall be fully filled out and affixed to a side window of the motor vehicle with the title “Buyer's Notification” facing to the outside.
(B) The form may be removed temporarily from the window during any test drive, but it shall be replaced as soon as the test drive is over.
(b)(1) When any motor vehicle owner who is not a dealer knowingly offers for sale or trade a motor vehicle which carries a title branded pursuant to this subchapter, the owner shall disclose to any prospective buyer or purchaser prior to the sale or trade the nature of the title brand and shall furnish him or her a description of the damage sustained by the motor vehicle as on file with the Office of Motor Vehicle.
(2) The disclosure shall be on a buyer's notification form to be prescribed by the division.
(c)(1) The form to be prescribed by the division shall have an acknowledgment section that the seller shall require the buyer to sign prior to completing a sales transaction on a motor vehicle that carries a branded title.
(2) The seller shall retain a copy of the signed notification form.
(d)(1) Failure of the seller to procure the buyer's acknowledgment signature shall render the sale voidable at the election of the buyer.
(2) The election to render the sale voidable shall be limited to sixty (60) days after the sales transaction.
(3) The buyer's right to render voidable the purchase is in addition to any other right or remedy which may be available to the buyer. In the event that the seller makes full refund of the purchase price to the buyer within ten (10) days after receipt of the buyer's election to void the sales transaction, the seller shall be subject to no further liability in connection with the sales transaction.
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