1) |
What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law?
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2) |
Vehicles can be sold in Virginia "As Is" if:
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3) |
A vehicle must be inspected:
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4) |
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5) |
A dealer licensed as a franchise or independent dealer may buy and sell motorcycles, trailers and motor homes if they have the proper License issued by DMV.
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6) |
A second set of temporary tags may be issued to a customer if:
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7) |
When issuing temporary license plates, the dealer:
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8) |
Temporary transport plates may be issued for no more than:
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9) |
Temporary transport plates may be used to:
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10) |
A salesperson's "certificate of qualification":
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11) |
Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include:
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12) |
A new motor vehicle is defined as one which:
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13) |
Any person who is licensed in another state of the United States as a motor vehicle dealer may sell vehicles at wholesale auctions in Virginia only after obtaining a:
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14) |
The following must be licensed to engage in business in Virginia:
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15) |
No salesperson shall be employed by more than one dealer, unless the dealerships are owned by the same person, partnership or corporation.
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16) |
Each dealership must post a list of the salespersons that work there.
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17) |
Salespersons must carry their license at all times and show it when asked.
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18) |
Temporary certificates of ownership issued by dealers must contain:
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19) |
If you do not renew your salesperson's license by the expiration date:
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20) |
If a salesperson is found guilty of violating one or more of the provisions of the Virginia Dealer Laws, the Motor Vehicle Dealer Board may, after following the prescribed procedures:
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21) |
If a customer wishes to demonstrate a vehicle in the inventory of the dealer:
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22) |
The Motor Vehicle Transaction Recovery Fund is funded by dealers and salespersons.
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23) |
The purpose of the Motor Vehicle Transaction Recovery Fund:
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24) |
If a salesperson's license has been revoked as a result of failure to reimburse the Motor Vehicle Transaction Recovery Fund:
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25) |
A temporary certificate of ownership titled and registered in Virginia:
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26) |
Temporary license plates should be destroyed after expiration or when permanent plates are issued.
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27) |
Payments to individuals by a salesperson for procuring a customer for the salesperson:
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28) |
Used vehicles in the inventory of a dealer that do not have a Virginia inspection sticker:
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29) |
Applications, taxes and fees collected for the Department of Motor Vehicles on behalf of the buyer must be submitted to that Agency within:
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30) |
If a vehicle is registered in Virginia and the owner does not have liability insurance, the penalty is an uninsured motorist fee of:
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31) |
When a thirty-day tag is issued to a customer who does not have insurance and is going to register the vehicle in Virginia, the dealer:
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32) |
Temporary Tags and Temporary Transport Tags can be loaned to another dealer.
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33) |
A "Demonstrator" is defined in part as a new motor vehicle which has more than 750 miles accumulated on its odometer and Requires a written disclosure to the customer.
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34) |
Every Independent Dealer-Operator must pass an exam to recertify.
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35) |
There are NO grandfather exceptions to recertify as an Independent Dealer-Operator.
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36) |
Regarding Internet employees or persons who receive phone calls from Internet inquires:
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37) |
What is an Open Title?
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38) |
The IRS definition of cash does not include personal checks.
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39) |
The IRS Cash Reporting Rule, enacted to prevent citizens from hiding unreported income, requires dealerships to complete and file IRS form 8300 when cash receipts exceed the following dollar amount:
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40) |
Violation of the IRS Cash Reporting Rule can result in which of the following personal penalties to the salespersons:
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41) |
What does the anti-structuring provision of the IRS Cash Reporting Rule prohibit?
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42) |
In financing a vehicle on an installment sales contract, the APR stands for:
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43) |
Finance charges must be stated in:
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44) |
Full disclosure of credit terms must be made:
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45) |
The following is required to be disclosed under Regulation Z (Truth in Lending) of the Consumer Credit Protection Act:
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46) |
If a financing company denies a loan application, it must provide the applicant with a written statement explaining the reason of denial within 30 days.
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47) |
When can an inquiry be made of a credit-reporting bureau?
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48) |
Under the Truth In Lending Act, the following must be disclosed to the customer:
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49) |
When discussing a customer's loan application, the following cannot be asked:
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50) |
The Federal Trade Commission Used Car Rule which sets out the warranty provisions of a sale is known as:
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