Current as of: 2011
§ 46.2-1993.24. Consignment motorcycles; contract.
Any motorcycle dealer offering a motorcycle for sale on consignment shall have in his possession a consignment contract for the motorcycle, executed and signed by the dealer and the consignor. The consignment contract shall include:
1. The complete name, address, and the telephone number of the owners.
2. The name, address, and dealer certificate number of the selling dealer.
3. A complete description of the motorcycle on consignment, including the make, model year, vehicle identification number, and body style.
4. The beginning and termination dates of the contract.
5. The percentage of commission, the amount of the commission, or the net amount the owner is to receive, if the motorcycle is sold.
6. Any fees for which the owner is responsible.
7. A disclosure of all unsatisfied liens on the motorcycle and the location of the certificate of title to the motorcycle.
8. A requirement that the motorcycle pass a safety inspection prior to sale.
If any motorcycle on consignment from a certified nonprofit organization is found not to be in compliance with any safety inspection requirement, the motorcycle dealer shall furnish any buyer intending to use that motorcycle on the public highways a written disclosure, prior to sale, that the motorcycle did not pass a safety inspection.
Any dealer offering a motorcycle for sale on consignment shall inform any prospective customer that the motorcycle is on consignment.
Dealer license plates shall not be used to demonstrate a motorcycle on consignment except (i) motorcycles on consignment from another licensed motorcycle dealer and (ii) motorcycles on consignment from nonprofit organizations certified pursuant to § 46.2-1993.6:1. The owner's license plates may be used if liability insurance coverage is in effect in the amounts prescribed by § 46.2-472. No vehicles other than motorcycles shall be sold on consignment by motorcycle dealers.
(1996, cc. 1043, 1052; 2000, c. 180.)