Certificate Of Compliance {BMV 4347}

BMV 4347 - CERTIFICATE OF COMPLIANCE Section 4517.24 of the Ohio Revised Code (R.C.). The purpose of this form is to confirm that the two licensed motor vehicle dealerships listed on this form are engaged in business at the same location, as permitted by R.C. 4517.24, and agree to the following: 1. To be jointly, severally, and personally liable for any liability arising from their engaging in the business at the same location; 2. That no more than two licensed motor vehicle dealerships will be engaging in business at this same location; 3. That both licensed dealerships meet and will maintain compliance with the physical requirements as pursuant to section 4501:1-3-08 of the Ohio Administrative Code and that the location shall clearly portray that it is being maintained by two separate dealerships at all times; 4. That each licensed dealership has and will maintain separate inventories at all times, shall not offer for sale any motor vehicle belonging to the other dealership, and shall maintain their own records, business hours, and salespersons; 5. That notification will be sent to the Registrar of Motor Vehicles regarding changes to personnel of owners and / or location of business within 15 days of the change, pursuant to R.C. 4517.23; 6. That it is understood that failure to comply with all licensing requirements may result in one or both licenses being suspended or revoked by the Motor Vehicle Dealers Board. www.FormsWorkflow.com