C-24.2, r. 7 - Regulation respecting dealers and recyclers

Section 19 Disposition versions

2012-09-01

19. The amount of the security provided for in section 13, required of the applicant of a dealer’s licence, is set in accordance with the category of road vehicles sold according to the following list:

(1)  an amount of $200,000 for a vehicle business whose vehicles have a net mass equal to or higher than 5,500 kg, other than farm machines;

(2)  an amount of $100,000 for a vehicle business whose vehicles have a net mass less than 5,500 kg, other than motorcycles, snowmobiles, mopeds and farm machines and other than trailers and semi-trailers whose net mass is less than 1,300 kg;

(3)  an amount of $25,000 for a business dealing in motorcycles, snowmobiles, mopeds and farm machines.

O.C. 1693-87, s. 19; O.C. 1427-97, s. 20; O.C. 998-2010, s. 2.