Section 75IAC6-3-4. Transfer dealer plates; restrictions on use

   (a) Transfer dealer plates may be issued to a person properly licensed as a transfer dealer under IC 9-32.

  (b) Transfer dealer plates may be utilized by the following parties:

(1) Financial institutions dealing in repossessed vehicles.

(2) Insurance companies dealing in repossessed or salvaged motor vehicles.

(3) Any other type of business meeting the requirements of a transfer dealer as outlined in IC 9-32 that, because of the nature of its business, has the need to transfer ownership of twelve (12) or more vehicles within any twelve (12) month period.

  (c) Transfer dealer plates may be placed on vehicles owned by the transfer dealer for a period not to exceed ten (10) days for:

(1) the purpose of acquisition of vehicles;

(2) the purpose of previously sold vehicles; or

(3) delivery of vehicles following sale.

  (d) A transfer dealer plate may be placed on any vehicle owned by the transfer dealer for demonstration of the vehicle to a potential customer for a period not to exceed ten (10) days.

  (e) Transfer dealer plates may be placed on vehicles not owned by the transfer dealer but in the dealer's rightful possession for a period not to exceed ten (10) days for the purpose of performing mechanical, body, or maintenance work on the vehicles.

  (f) A transfer dealer plate may not be placed on any vehicle, even a vehicle in the inventory of the dealer, for the personal use of a transfer dealer or the transfer dealer's employees.

  (g) Transfer dealer plates shall not be:

(1) loaned;

(2) leased;

(3) sold;

(4) transferred;

(5) copied;

(6) altered; or

(7) reproduced.

(Secretary of State; 75 IAC 6-3-4; filed Aug 15, 2014, 9:57 a.m.: 20140910-IR-075130566FRA)