Cal. Code Regs. tit. 13 § 268.10

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 268.10 - Dealer Surety Bond Requirements

(a) Every applicant for issuance or renewal of a dealer license, other than a dealer who deals exclusively with motorcycles and/or all-terrain vehicles and a wholesale dealer selling less than 25 vehicles a year, shall submit the bond required by Vehicle Code section 11710 on a Dealer Surety Bond, form OL 25 (Rev. 11/2010), which is hereby incorporated by reference. The bond shall be subject to chapter 2 (commencing with Section 995.010), title 14, of part 2 of the Code of Civil Procedure.

(b) Every applicant for issuance or renewal of a license for a dealer who deals exclusively in motorcycles and/or all-terrain vehicles shall submit the bond required in Section of Title 13268.12 of Title 13, California Code of Regulations.

(c) Every applicant for issuance or renewal of a license for a dealer selling less than 25 vehicles a year on a wholesale basis only shall submit the bond required in Section of Title 13268.12 of Title 13, California Code of Regulations.

(d) The true, full name of the dealer, and any doing business as (DBA) names under which the licensed activity is conducted, shall be entered on the bond.

(e) The appointment of director as the agent for service of process required by Vehicle Code section 11710(d) shall be in the form required under subdivision (c) of Section of Title 13330.08 of Title 13, California Code of Regulations.

Cal. Code Regs. Tit. 13, § 268.10

1. New section filed 2-14-2006; operative 3-16-2006 (Register 2006, No. 7).
2. Change without regulatory effect amending dealer surety bond form (incorporated by reference) and amending subsection (a) filed 6-23-2016 pursuant to section 100, title 1, California Code of Regulations (Register 2016, No. 26).

Note: Authority cited: Section 1651, Vehicle Code. Reference: Section 995.010, Code of Civil Procedure; and Sections 11710 and 11710.1, Vehicle Code.