PURPOSE: This rule replaces 12 CSR 10- 23.120 of the Motor Vehicle Bureau of the Department of Revenue and establishes odometer disclosure requirements and related record retention and requires the surrender of business records associated with registered motor vehicle manufacturers, dealers and boat dealers upon termination of the business.

1. (1) For every motor vehicle sold by the dealership, both at wholesale and retail unless exempted by law, every motor vehicle dealer who purchases a motor vehicle also shall obtain a proper odometer disclosure as required by federal and state law from the seller of the motor vehicle at the time of purchase. Clear, complete copies of all odometer disclosure documents issued and received by the dealer shall be retained as a part of the

   (2/28/92)* Rebecca McDowell Cook

dealership’s business records for a period of five (5) years. Every motor vehicle dealer shall make a true, accurate and complete odometer disclosure as required by Missouri laws (section 407.511–407.556, RSMo) and the Federal Truth In Mileage Act of 1986 and related federal laws and rules at the time of sale

AUTHORITY: section 301.553, RSMo (Cum. Supp. 1989).* Original rule filed Oct. 18, 1991, effective March 9, 1992.

*Original authority 1988, amended 1989.