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| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2015 | 4.8 Satisfied (287 Votes) |
The application allows for three types of business ownership: Sole Proprietor, Partnership, and Corporation, each with distinct legal implications.
There are several endorsements available including New Automobile Dealer, Used Automobile Dealer, Salvage Pool Operator, Salvage Vehicle Broker, and Salvage Vehicle Rebuilder, each with specific permissions and fees.
Military service members, veterans, or spouses may be eligible for expedited processing and fee waivers if they provide appropriate documentation.
Salvage dealers are required to report transactions to the National Motor Vehicle Title Information System (NMVTIS), a federally mandated program.
All applicants undergo criminal history checks; a felony conviction can disqualify an applicant if it occurred within the last three years.
Applicants must attach proof of identity such as a current driver’s license or other valid identification for all owners of the dealership.
All fees paid for the license application are non-refundable even if the application is denied.
