§ 46.2-1931. Consignment vehicles; contract
Any T&M vehicle dealer offering a T&M vehicle for sale on consignment shall have in his possession a consignment contract for the T&M vehicle, executed and signed by the dealer and the consignor. The consignment contract shall include:
1. The complete name, address, and the telephone number of the owners.
2. The name, address, and dealer certificate number of the selling dealer.
3. A complete description of the T&M vehicle on consignment, including the make, model year, vehicle identification number, and body style.
4. The beginning and termination dates of the contract.
5. The percentage of commission, the amount of the commission, or the net amount the owner is to receive, if the T&M vehicle is sold.
6. Any fees for which the owner is responsible.
7. A disclosure of all unsatisfied liens on the T&M vehicle and the location of the certificate of title to the T&M vehicle.
8. A requirement that the T&M vehicle pass a safety inspection prior to sale.
If any T&M vehicle on consignment from a certified nonprofit organization is found not to be in compliance with any safety inspection requirement, the T&M dealer shall furnish any buyer intending to use that T&M vehicle on the public highways a written disclosure, prior to sale, that the T&M vehicle did not pass a safety inspection.
Any dealer offering a T&M vehicle for sale on consignment shall inform any prospective customer that the T&M vehicle is on consignment.
Dealer license plates shall not be used to demonstrate a T&M vehicle on consignment except on (i) T&M vehicles with gross vehicle weight of 15,000 pounds or more, (ii) T&M vehicles on consignment from another licensed T&M vehicle dealer, and (iii) T&M vehicles on consignment from a nonprofit organization certified pursuant to § 46.2-1908.1. The owner's license plates may be used if liability insurance coverage is in effect in the amounts prescribed by § 46.2-472. No vehicles other than T&M vehicles shall be sold on consignment by T&M vehicle dealers.
(1995, cc. 767, 816; 1996, cc. 1043, 1052; 2000, c. 180.)
Sections: Previous 46.2-1920 46.2-1921 46.2-1922 46.2-1927 46.2-1928 46.2-1929 46.2-1930 46.2-1931 46.2-1932 46.2-1933 46.2-1934 46.2-1935 46.2-1936 46.2-1937 46.2-1938 NextLast modified: April 16, 2009