19A NCAC 03D .0225      VEHICLES OFFERED FOR SALE OWNED BY DEALERSHIP

(a)  No vehicle shall be sold or offered for sale or trade by any motor vehicle dealer, manufacturer, factory branch, distributor, distributor branch, or wholesaler until it has in its possession a certificate of title or manufacturers certificate of origin or the same is available prior to conclusion of the sale or trade to complete transfer of ownership to the consumer-purchaser.

(b)  This Rule does not apply when a manufacturer's certificate of origin or title are unavailable at the time of sale or trade and the dealer acts in accordance with G.S. 20-52.1(d), 20-72(b), or 20-72.1, whichever is applicable.

History Note:        Authority G.S. 20-39; 20-79;

Eff. June 1, 1988;

Amended Eff. October 1, 1991;

Readopted Eff. September 1, 2021.