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WAC 308-66-120

Dealer's license application.

What information is needed to apply for a vehicle dealer license? (1) Each application shall contain in addition to the information required by RCW 46.70.041:
(a) The names and residential addresses of all owners of ten percent or more of the assets of the business;
(b) The name and address of the principal place of business;
(c) The names and addresses of each and every subagency, if any;
(d) A current balance sheet of assets, liabilities and owner's equity which shall have been prepared within sixty days of its submission, including proof of the assets;
(e) A statement of whether or not the applicant, including any sole proprietor, partner, member, officer, or director of the firm, was the holder of a license issued pursuant to chapter 46.70 RCW which was revoked for cause and never reissued by the department, or suspended for cause and the terms of the suspension have not been fulfilled or assessed a monetary penalty that has not been paid;
(f) A list of all dealerships previously operated by each person named on the application and with which each person presently or was formerly connected or employed.
(2) An applicant must appear for a personal interview if requested by the department.
(3) The department may require a credit report for each person named on each application for a dealer's license.
(4) An applicant must provide as evidence of leasehold or ownership interest of business location either:
(a) A copy of the rental or lease agreement between the applicant and landowner showing the business location by commonly known address, or
(b) A copy of the county assessor's record showing ownership of the business location, the applicant's name and the commonly known address.
(5) An applicant must provide a bank reference for verifying financial condition consisting of:
(a) The name of the applicant's bank, a person to contact at that bank concerning the applicant's financial condition, or
(b) A letter of credit current within the last sixty days, or
(c) A flooring agreement, if with a financial institution, or
(d) A line of credit with a financial institution.
(6) The department may require an applicant to provide evidence that the business location conforms to all zoning and land use ordinances.
(7) A corporate applicant must provide the corporation number and corporation name issued by the secretary of state's office authorizing the company to do business within this state.
(8) The business name and address on the license application and all required supporting documents must be the same.
(9) The applicant must provide a certification of completion in the dealer education program:
(a) At least one principal of each company applying for an original vehicle dealer license must receive certification in the dealer education program required by RCW 46.70.041 (1)(l).
(b) The department encourages as many principals of each company as possible to obtain such certification.
(c) For annual dealer license renewals, either a company principal or a managing employee may complete the continuing education program. The continuing education certificate will indicate that the dealership has fulfilled the requirement.
(d) Certifications for either original or renewal applications will be valid for twelve months.
(10) Any service agreement required by RCW 46.70.041 must be on file with the department. An acquisition or loss of a service agreement must be reported to the department in writing within ten days.
[Statutory Authority: RCW 46.70.160. WSR 07-03-119, § 308-66-120, filed 1/22/07, effective 2/22/07; WSR 04-16-090, § 308-66-120, filed 8/3/04, effective 9/3/04; WSR 02-12-062, § 308-66-120, filed 5/31/02, effective 7/1/02; WSR 98-20-039, § 308-66-120, filed 9/30/98, effective 10/31/98; WSR 96-19-025, § 308-66-120, filed 9/9/96, effective 10/10/96. Statutory Authority: RCW 46.70.160 and 46.70.041. WSR 91-20-057, § 308-66-120, filed 9/24/91, effective 10/25/91. Statutory Authority: RCW 46.70.160 and 1986 c 199 § 1. WSR 87-01-016 (Order DLR 115), § 308-66-120, filed 12/9/86; Order MV 170, § 308-66-120, filed 7/16/73; Order 70-08-04, § 308-66-120, filed 8/6/70; Order 69-1, § 308-66-120, filed 8/28/69; Order 2, § 308-66-120, filed 1/29/68.]
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