Surrendering a buyer identification card

Surrendering a buyer identification card. (1) Upon suspension or revocation of a motor vehicle dealer license, wholesaler license or salvage dealer license issued under ch. 218 , Stats., or authority to do business in another jurisdiction, the dealer shall surrender the buyer identification cards of all dealers, dealer principals and employes to the department. (2) Whenever a licensed motor vehicle dealer, wholesaler, or salvage dealer discontinues or disposes of the business, such person shall surrender the buyer identification cards of all dealers, dealer principals and employes.