Reasons for Suspension of an Ohio Dealer License

Reasons for License Suspension or Revocation of an Ohio Used Motor
VehicleDealer’s License:

Vehicle was sold by someone that was not a licensed salesperson or
owner/officer

Pay a commission on sale of a vehicle was sold by someone that was
not a licensed salesperson

Fail to immediately notify the BMV Dealer Licensing Section upon
termination of employment of licensed salesperson

Engage in wholesale sale to a person that is not a currently licensed
motor vehicle dealer

Does not maintain established place of business

Uses office as storage space

Allows dirt, mud, water, weeds, or debris to collect on display lot

Failed to notify BMV Dealer Licensing Section of phone number
change within 15 days

Failed to notify BMV Dealer Licensing Section of change of business
hours within 15 days

Failed to notify BMV Dealer Licensing Section of change of owners
within 15 days

Failed to notify BMV Dealer Licensing Section of change of business
name

Fails to maintain a $25,000 dealer surety during licensure period.
If bond expires and is not renewed during licensure the licensee shall
appear before the motor dealers vehicle board for failure to comply

Fails to maintain a net worth of at least $75,000

Fails to maintain financial responsibility on all service vehicles or
vehicles held for resale

Reasons for Denial of Used Motor Vehicle Dealer’s License
Application
False statement of material facts in application
Has continuously defaulted on financial obligations
Does not have a net worth of at least $75,000
Has committed any felony
Has committed a fraudulent act (felony or misdemeanor)
involving motor vehicles
Has been denied a dealer’s license in the last 12 months
Has no established place of business
Does not have working telephone
Does not have display lot/area
Business is not physically separate from another business