Licensing/Compliance
What is the minimum hours of operation for a dealership and how many days does a dealership have to be open per week?
3 days per week for a continuous 4 hours per day = total of 12 hours
A dealer should facilitate the title of a delivery within how many days?
Where on MYLO can you find previous dealership associations on a salesperson's MYLO Record?
Under Prerequisites
Also under Tasks tab, then History, then Prerequisite
Orange
What are the required surety bond amounts for a dealership and a salesperson?
What about small trailer dealers (weighing less than 2k lbs)?
Dealer = $50,000.00
Salesperson = $15,000.00
Small trailer dealers = $5,000.00
How many temp permits can a dealership issue?
2
What do I need to do on MYLO to see who the owners are for a dealership?
Under Facility tab, search a dealer license #--> Click Details on Corporation Personnel
Who is my favorite country artist?
Luke Combs
What is the minimum required net worth that the Dealer Board requires for a Dealer license?
at least $100k
What is the difference between a DMO and a INT plate?
DMO= demonstration plate, when offered for sale by dealer, test drives, during business hours
INT= Dealer in transit, transferring a vehicle from pont of purchase to storage or to place of sale
How do I find supporting documents for title records on DRIVES?
After searching the VIN--> click on CRM--> then Images, and then there will be a tab for supporting documents
What is my ethnicity?
3/4 Vietnamese and 1/4 Chinese
- Staffing
- Hours of operation
- Overhead costs
- Sales projections
- Inventory acquisition
- “Floor-planning”/financing/lines of credit
What is the # of days before a dealer can send a Right to Cure Notice?
What many days after providing a Right to Cure Notice, before the dealer can repossess a vehicle?
10 days Right to Cure
20 days before Cure of Default
How do you find how many dealer plates a dealership has been issued on DRIVES?
Search dealer # and click the dealer's name -->Registration -->Accounts, then click on account #-->click on Vehicle tab--> then click on Plates tab
When did I get baptized?
02/01/2026
What are the License Fees for the following License Types?
1. Dealer
2. Salesperson
3. Renewal Dealer
4. Reneal Salesperson
5. Off-Premise Permit Class Two - Full Sales
1. Dealer=$841
2. Salesperson = $203
3. Renewal Dealer = $686
4. Renewal Salesperson = $157
5. Off-Premis Permit Class Two = $500
Name at least 5 deal jacket documents in 15 seconds that an investigator would want for their cases
Buyers Order/Purchase Agreement
Buyers Guide
RISC
DR2434
Standard Sales Tax Receipt
Title
Application for Title
Branded Title Disclosure Statement
CARFAX/AutoCheck Report
Emissions Coupon/Passing Emissions Test
Material Particulars Disclosure
What are the steps to see a Transaction Reject Letter once you log into DRIVES?
Click Auto Industry Division-->Click Search-->All-->Vehicle Case Search-->Case Type is Incomplete Application-->Enter VIN, dates To and From and click Search
If I were reincarnated, what animal would I want to become and why?