- (a) For purposes of this section, "salvage vehicle" has the meaning set forth in IC 9-13-2-160 (2).
- (b) It is an unfair practice for a dealer to sell, exchange, or transfer a rebuilt or salvage vehicle without disclosing in writing to the purchaser, customer, or transferee the fact that the motor vehicle is a rebuilt or salvage vehicle if the dealer knows or should reasonably know before consummating the sale, exchange, or transfer that the motor vehicle is a rebuilt or salvage vehicle.
- (c) The purchaser, customer, or transferee must sign a written acknowledgment of receipt of the written disclosure described in subsection (b).
- (d) The division shall prescribe the form of the written disclosure described in subsection (b).
As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.99; P.L.20-2022, SEC.15; P.L.116-2024, SEC.4.