Application For Construction Equipment Auction License {BMV 4324}

BMV 4324 - CONSTRUCTION EQUIPMENT AUCTION LICENSE APPLICATION. This form is used by individuals or business entities seeking to obtain a license to operate a construction equipment auction in the state of Ohio. The application is designed to ensure that applicants meet all statutory and regulatory requirements outlined in Chapter 4517 of the Ohio Revised Code and Chapter 4501:1-3 of the Ohio Administrative Code. It collects detailed information about the business, including its legal structure, location, hours of operation, ownership, and financial identifiers. Applicants must affirm that the business will primarily sell large construction and transportation equipment at auction, generate over $1 million in annual sales in Ohio, and derive no more than 10% of its sales from vehicles under 10,000 pounds. The application also includes background check requirements for all listed owners and officers, zoning compliance, and specific facility requirements, such as having at least 90 acres of auction space and 60,000 square feet of total facility area. Photographic evidence of the premises and a non-refundable $7,500 licensing fee must be submitted. Additionally, the application includes declarations regarding prior licenses, criminal history, civil judgments, and business integrity. Once submitted, the Bureau of Motor Vehicles may conduct an inspection of the site before granting the license. The form must be signed and notarized, and any changes to the licensed business after approval must be reported within 15 days. Failure to maintain compliance with these requirements may result in license revocation. www.FormsWorkflow.com