PURPOSE: This rule outlines the procedural requirements for public motor vehicle auctions as defined in section 301.550, RSMo.

1. (1) For purposes of this rule, the term “auction” shall mean “public motor vehicle auction” unless specified otherwise.

2. (2) Auctions shall maintain the following information for five (5) years from the date of sale of any motor vehicle or trailer:

   1. (A) The year, make, model and vehicle identification number of the motor vehicle;
   2. (B) The name and address of the seller;
   3. (C) The name and address of the buyer;
   4. (D) The date of sale and the purchase price;
   5. (E) The odometer reading of the motor vehicle at the time of sale and an odometer disclosure statement that complies with the state and federal laws;
   6. (F) A photocopy of both the front and back of the certificate of title; and
   7. (G) Copies of any supporting rider, statement, affidavit, inspection or other document that accompanied the transaction.
3. (3) Each auction shall provide access to all records requested by Department of Revenue employees or law enforcement during normal business hours.
4. (4) Motor vehicles shall only be sold at an auction conducted by a licensed auctioneer. The motor vehicle auction must be scheduled and publicized at least one (1) week prior to the sale date.
5. (5) Any individual conducting a public motor vehicle auction must be licensed pursuant to all applicable laws and make available for inspection all applicable licenses to law officers or Department of Revenue employees. An auction shall maintain a record of each individual performing auctioneering services and the inclusive dates of such services.

6. (6) Prior to selling any motor vehicle at auction, an auction shall review all applicable vehicle documentation including but not limited to the following: certificate of title and odometer disclosure statement, if applicable.

   1. (A) Prior to selling a vehicle at auction, the auctioneer must announce any brands printed on the title, the condition of the vehicle, any known damage to the vehicle, the odometer reading of the vehicle and any other information on the odometer disclosure statement.
7. (7) Motor vehicles sold at auction are not required to be safety inspected. Auctioneers shall announce at the beginning of each public auction that the vehicles offered for sale may not have been safety inspected. Relevant signs shall be posted as required by statute.
8. (8) Both licensed dealers and the public may attend and buy or sell at a public motor vehicle auction.
9. (9) Motor vehicle auctions shall not accept for sale from a dealer any vehicle without a Federal Buyer’s Guide affixed to the vehicle or which does not comply with other applicable state or federal disclosure requirements.
10. (10) An auction must verify that each dealer who sells at the auction is currently licensed as a motor vehicle dealer in the state of Missouri or another jurisdiction.
11. (11) A certificate of number (license) issued to an auction by the director must be prominently displayed at the auction’s bona fide established place of business. A separate license must be obtained by each public motor vehicle auction.
12. (12) An auction may only conduct business at its licensed location. Off-site sales are prohibited.
13. (13) An auction must issue to the buyer and seller of each vehicle a document that con- 12 CSR 10-26

tains—

1. (A) The year, make, model and vehicle identification number of the motor vehicle;
2. (B) The name and address of the seller;
3. (C) The name and address of the buyer;
4. (D) The date of sale and the purchase price; and
5. (E) The odometer reading of the motor vehicle at the time of sale.

AUTHORITY: sections 301.550–301.573, RSMo 1994 and Supp. 1998.* Original rule filed Nov. 1, 1999, effective May 30, 2000. *Original authority: See Missouri Revised Statutes 1994 and Missouri Revised Statutes Cumulative Supplement 1999.