All applications for licenses for used car dealers must be accompanied
by current photographs and fingerprints of the applicants, and if
the applicant is a corporation, current photographs and fingerprints
of its stockholders owning more than a ten-percent interest in the
corporation and of its officers and directors shall accompany the
application, with a sworn statement as to the names and addresses
of all its stockholders, stating the percentage of shares owned by
each and its directors and officers. Any proposed transfer in stockholding
of more than 10% of the corporate shares, or in its directors or officers,
during the license term shall be reported to the License Inspector
and shall be accompanied by the fingerprints and a current photograph
of each such proposed substitute stockholder, director or officer.
The License Inspector shall determine the eligibility of such person
to act for the licensee.
[Amended 5-21-2013]
Fingerprints shall be taken by a private vendor who shall submit
the fingerprints to the State Police Department for review for any
possible police record. The State Police Department shall report the
result of the investigation to the License Inspector for his/her consideration.