CHAPTER 496
H.P. 745 - L.D. 1028
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 29-A MRSA §903, sub-§3, as enacted by PL 1993, c. 683, Pt. A, §2 and affected by Pt. B, §5, is amended to read:
3. Plate reduction. The Upon renewal of a dealer license, the number of plates allowed a motor vehicle dealer who fails to sell, through retail sales, a minimum of one vehicle per month or 12 vehicles within a 12-month period must be reduced to one dealer plate unless the Secretary of State determines that the reduction is not warranted, and the motor vehicle dealer may not be issued a dealer plate under section 1002, subsection 1, paragraph B. Upon a 2nd application for renewal of a dealer license, a motor vehicle dealer must be denied renewal if the Secretary of State determines that the dealer sold fewer than 4 vehicles, through retail sales, in the previous license year, at which time all dealer credentials issued previously must be returned to the Secretary of State.
A motor vehicle dealer who is denied a license renewal under this subsection may not reapply until the license has been expired at least one year.
A motor vehicle dealer who holds a vehicle auction business license under section 1051 is exempt from this subsection.
Effective September 13, 2003, unless otherwise indicated.
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