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Details for Regulation Rules and Regulations Regarding Dealers, Manufacturers and Rental Licenses(5732)



Agency

Motor Vehicles, Division of

286 Main Street


Regulation Authority

Sections 31-5-2 and 31-5.1-3 and Chapter 42-35 of the General Laws of Rhode Island


Purpose and Reason

The Department of Revenue’s Division of Motor Vehicles proposes to amend the administrative rules and regulations regarding the issuance and supervision of licenses to motor vehicle dealers, manufacturers and rental companies. An emergency amendment was promulgated in February 2009 lowering the amount of the financial bond as applied to motor vehicle dealers and auctioneers and making the requirement effective as of March 31, 2009. The current proposed amendments seek to make the emergency amendment permanent. Specifically the bond requirement for motor vehicle dealers and auctioneers would be reduced from $100,000 to $50,000. The effective date would become effective March 31, 2009.


Type of Filing

Amendment


Status

Effective from 06/22/2009

Currently in effect

Supersedes 5523


Notice and Hearing Dates

Notice Date: 04/20/2009

Hearing Date: 05/26/2009


Forms

view Regulation

view Filing Form



Regulation History