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Motor Vehicles | |
Motor Vehicle Business Regulation Act | |
Section 201.5 | Brokering of a new motor vehicle without a license prohibited. |
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41-3-201.5. Brokering of a new motor vehicle without a license prohibited. (1) (a) A person may not, for a fee, commission, or other form of compensation, arrange, offer to arrange, or broker a transaction involving the sale or lease of more than two: (i) new or used motor vehicles in any 12 consecutive month period, unless the person is licensed under Subsection 41-3-202(1); or (ii) used motor vehicles in any 12 consecutive month period, unless the person is licensed under Subsection 41-3-202(2). (b) Each transaction a person arranges, offers to arrange, or brokers involving the sale or lease of a motor vehicle for a fee, commission, or other form of compensation is a separate violation under this section if: (i) the person has for a fee, commission, or other form of compensation, arranged, offered to arrange, or brokered the sale or lease of more than two new or used motor vehicles within the previous 12 consecutive month period; and (ii) the person is not licensed under Subsection 41-3-202(1). (2) A person who violates this section is guilty of a class B misdemeanor.
Amended by Chapter 393, 2010 General Session |
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