Ohio Administrative Code
Title 4501:1 - Bureau of Motor Vehicles
Chapter 4501:1-3 - Motor Vehicle Dealers and Salespersons
Section 4501:1-3-33 - Place of business required for a motor vehicle auction owner
Current through all regulations passed and filed through March 18, 2024
(A) A motor vehicle auction owner shall have an established place of business that meets all of the following requirements:
(B) Notwithstanding section 4517.21 of the Revised Code, auction facilities may be used to conduct a public auction of repossessed motor vehicles and a motor vehicle dealer auction simultaneously. All inventories shall be maintained and separated at all times.
(C) Any person in attendance for a public auction of repossessed motor vehicles shall be separately identified and prohibited from participating in a motor vehicle dealer auction.
(D) Every auction owner licensed under Chapter 4517. of the Revised Code shall notify the registrar of motor vehicles in writing within fifteen days of any change in status of the business name or location, or change in status of sole proprietor, partner, president of a corporation, member of a limited liability company, trustee of a business trust, or an equivalent natural person affiliated with some other kind of legally constituted business organization.