| (a) A license holder shall notify the department by
electronically submitting a license amendment application in the department-designated
licensing system to amend its license within 30 days of a change in
the license holder's business name or assumed name. Upon submission
of an amendment to change the business name or assumed name, the department
shall reflect the new business name in the department's records. The
dealer shall retain the same salvage vehicle dealer license number
except if the business name change is the result of a change in the
type of entity being licensed, such as a sole proprietorship becoming
a corporation, or if the ownership of the business changes as discussed
in subsection (b) of this section.
(b) A salvage vehicle dealer shall notify the department
by electronically submitting a license amendment application in the
department-designated licensing system within 30 days of a change
to:
(1) the entity type of the applicant or license holder;
(2) the departure or addition of any person reported
to the department in the original license application or most recent
renewal application, including any person described in §211.2
of this title (relating to Application of Subchapter);
(3) an ownership, organizational, managerial, or other
business arrangement that would allow the power to direct or cause
the direction of the management and policies and activities of an
applicant or license holder, whether directly or indirectly, to be
established in or with a person not described in paragraph (1) or
(2) of this subsection; or
(4) a business email address, telephone number, mailing
address, or change in license contact.
(c) The license holder must submit to the department
all information required by the department to evaluate the license
amendment application under current law and rules.
|
| Source Note: The provisions of this §221.19 adopted to be effective December 9, 2015, 40 TexReg 8802; amended to be effective October 31, 2020, 45 TexReg 7444; amended to be effective June 1, 2024, 49 TexReg 2760 |
