Effective: March 19, 1987
Latest Legislation: House Bill 382 - 116th General Assembly
Violation of sections 4549.41 to 4549.46 of the Revised Code by any person licensed or granted a permit by this state as a dealer, wholesaler, distributor, salesman, or auction owner under Chapter 4517. of the Revised Code, is prima-facie evidence of intent to defraud and constitutes cause for the revocation or denial of the license of such person to sell any motor vehicle in this state.
Any person who violates sections 4549.41 to 4549.46 of the Revised Code, upon receiving notice from the registrar of motor vehicles or motor vehicle dealers board of the intent to revoke or suspend a license or permit, shall immediately post a surety bond with the registrar in favor of the state in the amount of twenty-five thousand dollars and shall maintain the bond while the license or permit is in effect. The bond shall be for the use, benefit, and protection of any transferee damaged by the licensee's or permitee's violation of sections 4549.41 to 4549.46 of the Revised Code or for the payment of civil penalties or costs resulting from enforcement actions. Any transferee claiming against the bond or the attorney general may maintain an action against the transferor or the surety, except that the surety is liable only for actual damages. The aggregate liability of the surety shall not exceed twenty-five thousand dollars. Any money unclaimed by transferees after two years from the date of the conviction of or judgment against the transferor shall be deposited in the consumer protection enforcement fund created by section 1345.51 of the Revised Code. The surety bond shall remain in effect until the license or permit is revoked or suspended by the motor vehicle dealers board pursuant to section 4517.33 of the Revised Code. Upon reinstatement of a license or permit that has been suspended, or upon reissuance of a license or permit after the period of revocation, the licensee or permitee shall post an additional surety bond in accordance with this section. The surety bond shall remain in effect during the period in which the licensee or permitee engages in business in the state.
Structure Ohio Revised Code
Title 45 | Motor Vehicles-Aeronautics-Watercraft
Chapter 4549 | Motor Vehicle Crimes
Section 4549.01 | Stopping Motor Vehicle When Signaled by Horse-Drawn Vehicle or Horse Rider.
Section 4549.02 | Stopping After Accident on Public Roads or Highways.
Section 4549.021 | Stopping After Accident on Other Than Public Roads or Highways.
Section 4549.042 | Sale or Possession of Master Key Designed to Fit More Than One Motor Vehicle.
Section 4549.05 | Removing Ignition Key Left in Ignition Switch.
Section 4549.08 | Fictitious License Plates or Identification Number or Mark.
Section 4549.081 | Rules for Electronic Clearance Devices.
Section 4549.10 | Operating Manufacturer Vehicle Without Placard.
Section 4549.11 | Operating With Number of Former Owner.
Section 4549.12 | Resident Operating With Number Issued by Foreign State.
Section 4549.13 | Marking and Equipment for Motor Vehicle Used by Traffic Enforcement Officers.
Section 4549.14 | Incompetency of Officer as Witness.
Section 4549.15 | Distinctive Uniform for Traffic Officers.
Section 4549.16 | Arresting Officer as Witness.
Section 4549.18 | Certificate of Registration of Commercial Vehicles.
Section 4549.19 | Enforcement of Proceedings Against Violators.
Section 4549.20 | Improper Replacement of Motor Vehicle Air Bag.
Section 4549.41 | Odometer Rollback and Disclosure Act Definitions.
Section 4549.42 | Tampering With or Disconnection of Odometers.
Section 4549.43 | Sale or Use of Fraudulent Odometer.
Section 4549.44 | Operating With Disconnected or Nonfunctional Odometer.
Section 4549.45 | Written Notice of Tampering or Nonfunction.
Section 4549.451 | Auctioneer's Statement of Disconnected or Nonfunctional Odometer.
Section 4549.46 | Written Odometer Disclosure Statement.
Section 4549.47 | Attorney General Investigations.
Section 4549.48 | Injunctions.
Section 4549.49 | Liability to Transferee Subsequent to Violation.
Section 4549.50 | Revocation or Denial of License or Permit as Motor Vehicle Dealer.
Section 4549.52 | Criminal Action to Enforce Odometer Violations.
Section 4549.61 | Tampering With Identifying Numbers Definitions.
Section 4549.62 | Offenses With Purpose to Conceal or Destroy Identity.