| (a) A licensee shall notify the department in writing
within 10 days if there is any change of:
(1) ownership;
(2) business name;
(3) physical location;
(4) dealer agreement;
(5) distributors, dealers, or representatives; or
(6) address or phone information.
(b) The licenses issued under this subchapter to dealers
must be publicly displayed at all times in the place of business for
which the license is issued.
(c) A licensee must keep a complete record available
for inspection in the place of business relating to all vessels, motorboats,
and outboard motors purchased, sold, or displayed for sale for a minimum
of 24 months. Content of records must include the:
(1) date of purchase;
(2) date of sale;
(3) hull identification number and/or motor identification
number;
(4) name and address of person selling to the dealer;
(5) name and address of person purchasing from the
dealer;
(6) name and address of selling dealer or individual
if vessel and/or outboard motor is offered for sale by consignment;
(7) a copy of the vessel/outboard motor title/registration
receipt;
(8) copies of any and all documents, forms, and agreements
applicable to a particular sale, consignment, listing, transfer of
ownership, titling, titling and registration, or documentation through
the U.S. Coast Guard, including, but not limited to title applications,
work-up sheets, Manufacturer's Certificates of Origin, titles or photocopies
of the front and back of titles, factory invoices, sales contracts,
retail installment agreements, buyer's orders, bills of sale, waivers,
or other agreements between the seller and purchaser; and
(9) copies of written consignment agreements or power
of attorney for vessels, motorboats, or outboard motors.
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