Skip to main content
Find a Lawyer

Maine Revised Statutes Title 29-A. Motor Vehicles § 1052. Record of transactions by vehicle auction business

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Record of sale. A vehicle auction business must complete a record for each sale of a vehicle.

2. Contents of record. The record of sale must include the following:

A. A description of the vehicle;

B. The name of the transferor and transferee;

C. The date of the transaction;

D. The odometer reading at the time of sale;

E. A statement that a completed disclosure, as required by Title 10, section 1475, subsection 1, was affixed to the vehicle before sale; and

F. Any additional information that may be required by the official form provided by the Secretary of State.

3. Repealed. Laws 2023, c. 634, § 20, eff. Aug. 9, 2024.

4. Maintaining record. The licensee shall maintain a copy of the record of sale for at least 5 years after the date of sale.

5. Availability of records for inspection. All books, records and files related to the sale of vehicles or vehicle parts must be available during normal business hours for inspection by the Secretary of State, law enforcement officers or representatives of the office of the Attorney General. The records must be kept in compliance with the federal Truth in Mileage Act of 1986, Public Law 99-579 1 and regulations promulgated under 49 Code of Federal Regulations, Part 580.

6. Penalty. Violation of this section is a traffic infraction.

1 See Short Title note under 15 U.S.C.A. § 1901.
Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maine Revised Statutes Title 29-A. Motor Vehicles § 1052. Record of transactions by vehicle auction business - last updated January 01, 2025 | https://codes.findlaw.com/me/title-29-a-motor-vehicles/me-rev-st-tit-29-a-sect-1052/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard