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Buy/Sell Procedures for New Vehicle Dealers

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Buy/Sell Procedures for New Vehicle Dealers
(Terminate Seller's License and Issuance of Permits to Buyer)
Occupational Licensing Inspectors are usually available to assist businesses during ownership transitions. However, when one is not available contact a Region Supervising Inspector to confirm the fax telephone number and to proceed with the following instructions:
Buyer | Seller |
5 to 10 business days prior to closing - Call the Region Supervising Inspector and fax the following documents:
On the date of sale - Fax the following documents:
Within 10 business days after the date of sale submit the complete original licensing package to the local licensing inspector | On the date of sale - Fax the following documents:
Within 10 business days of the business sale date or earliest available appointment with local inspector, submit the Out of Business Report, license, special plates and used report of sale forms (see note below) to the local licensing inspector. |
Occupational Licensing will: | |
Upon receipt of forms from the buyer and seller, OL will issue temporary operating and special plate permits to the buyer that will expire within 30 days. If the buyer fails to provide the department with an application (complete with original signatures) within 30 days, the department may refuse to issue a permanent license and will cancel the previously issued permits. | Optional: On the date of sale Occupational Licensing may notify the seller, in writing, to provide the buyer with unused report of sale forms specified by numeric sequence. Forms listed are available at http://www.dmv.ca.gov/vehindustry/ol/forms.htm |
(REV. 12/2012)