- (a) Licensee name change. A licensed salvage vehicle dealer shall notify the department in writing within 10 days if there is a licensee name change. Upon notification of a name change, the department shall indicate the change on the dealer's file. The dealer shall retain the same salvage vehicle dealer license number.
- (b) Change of ownership. A salvage vehicle dealer shall notify the department in writing within 10 days if there is any change of ownership. Upon notification of a complete change of ownership, the department will cancel the existing salvage vehicle dealer license. The new owner must qualify for a new salvage vehicle dealer license by submission to the department of a completed application for the new Texas salvage vehicle dealer, and any agents operating under the new salvage vehicle dealer's license.
- (c) Change of operating status. A salvage vehicle dealer shall notify the department in writing within 10 days of the closing of any dealer location.
- (d) Termination of agent. A salvage vehicle dealer shall notify the department in writing within 10 days of the termination of an agent who was authorized to operate under the salvage vehicle dealer's license.
Source Note:The provisions of this §217.77 adopted to be effective March 4, 2010, 35 TexReg 1761.