South Dakota Administrative Rules
Title 61 - Department of Public Safety
Article 61:24 - VEHICLE DEALER LICENSING
Chapter 61:24:03 - Conduct of business
Section 61:24:03:05 - Contents of consignment contract

Universal Citation: SD Admin Rules 61:24:03:05

Current through Register Vol. 51, page 70, December 27, 2024

The contract required by SDCL chapters 32-6 B and 32-7B must contain, at a minimum, the following information:

(1) The name and address of the consignor (the owner);

(2) The name and address of the consignee (the dealer or auctioneer);

(3) The title number, the year, the make, and the serial number or hull identification number of the vehicle or boat;

(4) If applicable, the completed odometer disclosure;

(5) The agreed upon price or range;

(6) The agreed-upon amount that the owner is to pay the dealer or auctioneer;

(7) The length of time the vehicle or boat will be with the dealer or auctioneer;

(8) Disclosure by the dealer or auctioneer that the sale is a consignment sale;

(9) If applicable, the completed damage disclosure;

(10) The signature of the owner and the dealer or auctioneer; and

(11) If applicable, the lienholder's information.

General Authority: SDCL 32-6B-60, 32-7B-20.

Law Implemented: SDCL 32-6B-3, 32-6B-20, 32-6B-37, 32-7B-26.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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