Arkansas Code Title 23, Subtitle 4, Chapter 112, Subchapter 6 - Used Motor Vehicle Buyers Protection

• § 23-112-601 - Necessity for Regulation -- Legislative Findings -- Legislative Declaration.
  (a) The General Assembly declares that the public interest is affected by the sale and distribution of used motor vehicles, and it is recognized...
• § 23-112-602 - Definitions.
  As used in this subchapter: (1) (A) "Auto auction" means any person who operates or provides a place of business or facilities for the...
• § 23-112-603 - Penalty for Violation and Disbursal of Fines.
  (a) In addition to any other penalty prescribed by existing laws, the penalties for violation of this subchapter and the disbursement of fines shall...
• § 23-112-604 - Powers Generally.
  (a) The Department of Arkansas State Police may promulgate rules that are necessary to implement, enforce, and administer this subchapter.(b) The department may cancel...
• § 23-112-605 - Violations.
  It shall be a violation of this subchapter to knowingly or intentionally: (1) (A) Sell a vehicle without a dealer's license. (B) The sale...
• § 23-112-606 - License Required.
  It shall be unlawful for any person to engage in business as a used motor vehicle dealer or to sell a vehicle not his...
• § 23-112-607 - Dealer's License.
  (a) (1) Persons wishing to obtain a used motor vehicle dealer's license shall submit a fully executed application on such used motor vehicle dealer...
• § 23-112-608 - License Certificate Fees.
  (a) (1) The fee for a license certificate shall be two hundred fifty dollars ($250) per year for each used motor vehicle dealer licensed....
• § 23-112-609 - Issuance of License Certificate.
  Upon satisfactory submission and verification of a fully executed application as required by § 23-112-607(a) and (b), payment of the fee provided for by...
• § 23-112-610 - Display of Dealer's License.
  (a) Each dealer licensed under this subchapter shall maintain for display, in a conspicuous place at the dealer's business location, the license certificate issued...
• § 23-112-611 - Records to Be Maintained.
  (a) Every person required to have a license shall maintain, for three (3) years from the date of purchase, records of each vehicle transaction...
• § 23-112-612 - [Repealed.]
• § 23-112-613 - Delivery Prior to Sale -- Disclosures.
  (a) As used in this section: (1) (A) "Contract for sale" means the final agreement between a used motor vehicle dealer and a consumer...
• § 23-112-614 - Auto Auction Fees for Salvage-Titled or Parts-Only Titled Vehicles.
  (a) A five-dollar ($5.00) fee shall be charged to the buyer of each item at an auto auction that is sold on a certificate...
• § 23-112-615, 23-112-616 - [Repealed.]
• § 23-112-617 - Used Motor Vehicle Dealer Service and Handling Fee.
  (a) A used motor vehicle dealer may fill in the blanks on standardized forms in connection with the sale or lease of used motor...

Last modified: November 15, 2016