46.2-1992.24 - Consignment trailers; contract. - Virginia Statutes

§ 46.2-1992.24. Consignment trailers; contract.

Any trailer dealer offering a trailer for sale on consignment shall have inhis possession a consignment contract for the trailer, executed and signed bythe dealer and the consignor. The consignment contract shall include:

1. The complete name, address, and the telephone number of the owners.

2. The name, address, and dealer certificate number of the selling dealer.

3. A complete description of the trailer on consignment, including the makeand model year.

4. The beginning and termination dates of the contract.

5. The percentage of commission, the amount of the commission, or the netamount the owner is to receive, if the trailer is sold.

6. Any fees for which the owner is responsible.

7. A disclosure of all unsatisfied liens on the trailer and the location ofthe certificate of title to the trailer.

8. A requirement that the trailer pass a safety inspection prior to sale, ifperiodic safety inspections of the trailer are required under Article 21 (§46.2-1157) of Chapter 10 of this title.

If any trailer on consignment from a certified nonprofit organization isfound not to be in compliance with any safety inspection requirement, thetrailer dealer shall furnish any buyer intending to use that trailer on thepublic highways a written disclosure, prior to sale, that the trailer did notpass a safety inspection.

Any dealer offering a trailer for sale on consignment shall inform anyprospective customer that the trailer is on consignment.

Dealer license plates shall not be used to demonstrate a trailer onconsignment except on (i) trailers with gross vehicle weight of 15,000 poundsor more, (ii) trailers on consignment from another licensed trailer dealer,and (iii) trailers on consignment from nonprofit organizations certifiedpursuant to § 46.2-1992.6:1. No vehicles other than trailers shall be sold onconsignment by trailer dealers.

The provisions of this section shall also apply to watercraft trailers andwatercraft trailer dealers.

(1996, cc. 1043, 1052; 2000, c. 180.)