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 Indiana Administrative Code (Last Updated: December 20, 2016)
 Title 75. SECRETARY OF STATE
 Article 75IAC5. WATERCRAFT
 Rule 75IAC5-2. Boat Dealers

  Section 75IAC5-2-7. Discount dealer license  

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  •    (a) To act as a discount dealer, a person shall be licensed under this section.

      (b) The application must show that the applicant possesses the following:

    (1) A retail merchant certificate obtained from the department of revenue.

    (2) A federal identification number.

      (c) The application must show that the discount dealer will operate from a place of business which is related to the sale of watercraft. A post office box or residence does not qualify under this subsection. Any sale of watercraft must be a secondary business which does not exceed fifty percent (50%) of the gross income which is derived from the place of business.

      (d) The application must show that the place of business has an inventory of at least ten (10) watercraft.

      (e) The application must include photographs of the place of business with the initial application under this section. The photographs must show the major sales and display of the watercraft inventory. The photographs must be at least three (3) inches by five (5) inches large. The photographs must be updated if the place of business is moved or if its facilities are substantially altered or modified.

      (f) The applicant shall provide and maintain business liability insurance for its place of business under IC 9-31-4-7 [IC 9-31-4 was repealed by P.L.92-2013, SECTION 77, effective July 1, 2013.].

      (g) The applicant shall provide a statement of the type and extent of the discount dealer's business.

      (h) Except as otherwise provided under this section, the provisions of this rule applicable to a boat dealer also apply to a discount dealer. (Secretary of State; 75 IAC 5-2-7; filed Jun 7, 1993, 10:00 a.m.: 16 IR 2358; readopted filed Jul 30, 2001, 10:31 a.m.: 24 IR 4232; readopted filed Nov 14, 2007, 1:31 p.m.: 20071212-IR-140070562RFA; readopted filed Nov 13, 2013, 3:25 p.m.: 20131211-IR-075130451RFA) NOTE: Transferred from the Bureau of Motor Vehicles (140 IAC 9-3-7) to the Secretary of State (75 IAC 5-2-7) by P.L.106-2008, SECTION 54, effective July 1, 2008.