LAC 46:V.3701. Changes and Closures to be Reported to Commission and Fee Assessment

A. Any changes of address, ownership or employment by a licensee shall: 1. be reported to the commission within three business days of the change. 2. include a fee of $100 for each time a dealer changes his place of business; 3. require a site inspection performed by a commission compliance investigator. 4. shall complete the commission’s closure of business form within three business days prior to closure. B. The dealer shall notify the commission when a salesperson’s employment is terminated by returning the salesperson’s license within three business days. C. Each salesperson shall surrender his identification card to the Commission and obtain a new license for the new place of business before again engaging in the business as a salesperson for another used motor vehicle dealer. D. Any change which renders no longer accurate any information contained in an application for dealer or automotive dismantler license filed with the commission shall be amended within three business days after the occurrence of the change on the form prescribed by the commission, accompanied by the appropriate fee. E. Any person who ceases to engage in the business of a used motor vehicle dealer shall: 1. promptly notify the commission of the anticipated closure; 2. shall surrender all licenses associated with the dealership; and 3. the dealer shall list on the form any outstanding certificates of title, any unremitted or unpaid sales tax, and all outstanding temporary markers.