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