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APPLICATION FOR DEALERS LICENSE

STATE OF RHODE ISLAND ‐‐ DIVISION OF MOTOR VEHICLES

Dealer Section 600 New London Avenue ,Cranston, RI 02920-3024 www.dmv.ri.gov

INSTRUCTIONS FOR APPLICANTS IN MAKING FIRST APPLICATION FOR DEALERS LICENSE APPLICATION MUST BE ACCOMPANIED BY ALL OF THE FOLLOWING DOCUMENTS:

  • 1.

    *THE PROPOSED DEALERSHIP NAME MUST BE APPROVED BY THIS DEPARTMENT (DEALERS’ LICENSE & REGULATIONS OFFICE) PRIOR TO MAKING APPLICATION.*

  • 2.

    APPLICATION, FINANCIAL STATEMENT PREPARED BY A CERTIFIED PUBLIC ACCOUNT (CPA), AND EMPLOYEE FORMS MUST BE COMPLETED IN FULL, SIGNED AND NOTARIZED AND ACCOMPANIED BY AN APPROVED LINE OF CREDIT FOR FIFTY THOUSAND DOLLARS ($50,000) FROM A FINANCIAL INSTITUTION, IN THE DEALERHIP’S NAME.

  • 3.

    $50,000.00 SURETY BOND (FROM INSURANCE COMPANY) COMPLETED, SIGNED AND NOTARIZED.

  • 4.

    EACH OWNER, PARTNER, OR CORPORATE OFFICER MUST COMPLETE ONE (1) B.C.I. AUTHORIZATION FORM (BUREAU OF

CRIMINAL IDENTIFICATION) FOR OUR PROCESSING.

  • 5.

    COPY OF FORMAL LEASE AGREEMENT ISSUED TO DEALERSHIP (FOR I-YEAR MINIMUM) STATING TOTAL SQUARE FEET OF BUILDING AND OUTSIDE AREA, ETC., SIGNED AND NOTARIZED, OR A COPY OF DEED (IF PROPERTY IS OWNED BY THE DEALERSHIP). (2400 SQ. FT. MINIMUM BUILDING AND 2400 SQ. FT. MINIMUM OUTSIDE)

  • 6.

    COPY OF CITY/TOWN LICENSE (SECOND-HAND LICENSE) IF REQUIRED, OTHER WISE, LETTER OF ZONING APPROVAL FROM CITY/TOWN APPROVING THE SALES OF MOTOR VEHICLES AT THAT PROPOSED DEALERSHIP ADDRESS.

  • 7.

    FOUR (4) PICTURES OF THE OUTSIDE OF BUILDING FROM ALL ANGLES, INCLUDING ENTIRE BUILDING AND LOT DISPLAY AREA.

  • 8.

    FOR CORPORATION ONLY: COPY OF ARTICLES OF INCORPORATION: COPY OF THE MINUTES SHOWING THE ELECTION OF ALL CORPORATE OFFICERS; AND COPY OF FICTICIOUS NAME REPORT (IF OPERATING UNDER A “DBA” NAME).

9.

IF A FRANCHISE DEALER, THEN YOU MUST FIRST COMPLY WITH RHODE ISLAND GENERAL LAW, 31-5.1-4.2 (HAVING THE MANUFACTURER/DISTRIBUTOR ISSUE LETTER(S) OF INTENT) IF NO PROTEST ARE RECEIVED AFTER 30-DAY PROTEST PERIOD, YOU MAY THEN FILE THIS APPLICATION. MANUFACTURER/DISTRIBUTOR MUST BE LICENSED WITH THIS OFFICE.

UPON OUR RECEIPT OF THE ABOVE, YOUR APPLICATION WILL BE INVESTIGATED AND SCHEDULED FOR A HEARING BEFORE OUR DEALERS HEARING BOARD. IF GRANTED A LICENSE, THE FOLLOWING DOCUMENT MUST BE RECEIVED IN THIS OFFICE WITHIN THIRTY (30) DAYS IN ORDER TO FINALIZE THE APPLICATION AND BE ISSUED A DEALER’S LICENSE ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

  • 10.

    PICTURE OF 24 SQUARE FEET (MINIMUM SIZE) SIGN STATING EXACT DEALERSHIP NAME.

  • 11.

    $301.50 LICENSE FEE (MONEY ORDER OR CHECK) PAYABLE TO: DEALER’S LICENSE & REGULATIONS OFFICE

  • 12.

    BUSINESS TELEPHONE NUMBER.

  • 13.

    INSURANCE FILING ON DEALER PLATE INSURANCE COVERAGE, MAILED TO FINANCIAL RESPONSIBILITY, DMV (462-5745)

  • 14.

    IF FRANCHISE DEALER, MUST SUPPLY DEALER AGREEMENT.

*AFTER REQUIREMENTS ARE COMPLETED BY INVESTIGATOR YOU MUST MAKE AN APPOINTMENT WITH THE SECRETARY AT 462-5732 TO FINALIZE.

FAX BLANK BILL OF SALE TO THIS OFFICE AT 462-5718 FOR APPROVAL CONTACT THE DIVISION OF TAXATION AT 574-8938 FOR TAX FORMS- 1 CAPITOL HILL, PROVIDENCE, RI 02908

__________________________________________________________________ ADMINISTRATOR, DIVISION OF MOTOR VEHICLES

DLR013 – DATED 08-25-10

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