75 IAC 5-2-2 Manufacturer's and importer's certificate of origin

Sec. 2. (a) A watercraft dealer shall not purchase or acquire a new watercraft without obtaining from the seller of the watercraft a manufacturer's certificate of origin or an importer's certificate of origin. (b) A manufacturer's certificate of origin or an importer's certificate of origin must include the following: (1) A description of the watercraft. The description must include the following: (A) The year. (B) The length. (C) Dry weight. (D) Series or model. (E) Make. (F) Horsepower rating. (G) Hull type. (H) Hull identification number. (2) A certification of the date of transfer of the watercraft to a distributor, watercraft dealer, or other person. (3) The name and address of the distributor, watercraft dealer, or other person to whom the watercraft was transferred. (4) A certification that the transfer is the first transfer of the watercraft in ordinary trade and commerce. (5) The signature and address of a representative of the transferor. (c) An assignment of a manufacturer's certificate or an importer's certificate must be printed on the reverse side of the certificate. The assignment must include the name and address of the transferee, a certification that the watercraft is new, and a warranty that the title at the time of delivery is subject only to liens and encumbrances that are set forth and fully described on the assignment.