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As a new dealer you are no stranger to paperwork and as with all businesses there is some associated paperwork in obtaining your new dealer license as we put this education course together we thought it might be helpful to review that paperwork and the regulations regarding it in the materials you downloaded you no doubt found the IDS recommended checklist here you will find a section title paperwork requirements this checklist is designed to assist you in making sure that all the paperwork needed to get your license is completed quickly and thoroughly first we have the application for dealer license or the TC 301 this must be filled out completely make sure to use the legal name of the business that you registered with the Department of Commerce and under which you would be conducting business be sure also to include all names of owners corporate officers or members and be sure that each has signed the application remember all of these signatures are required to be notarized next there is the FBI fingerprint card and fingerprint waiver or the TC 465 remember this form needs to be completed for each owner corporate officer or member be certain that each person who submits their fingerprints signs a waiver and has their signature notarized the fingerprint card must be filled out completely and signed by the applicant and the peace officer doing the printing, or it cannot be accepted please note that any criminal conviction for a motor vehicle or drug-related crime broader sex offense could be grounds for denial next we have the owners photo you need to include a passport type photo of each owner partner corporate officer or member the photo should only show the head and shoulders and must be large enough to see the face clearly photos may not be smaller than a passport photo nor larger than a five by seven print Polaroid type photos are acceptable if head and shoulders fill the entire frame each photo must be of one person label each photo with the name of the person pictured next is the TC 450 have your bonding insurance company fill out this form the company name on the bond must read exactly as it does on the application form the TC 301, but the bond must also have a revision date of April 2005 after the bonding company completes the bond it should be returned to the dealership an owner partner corporate officer or member must sign the front as principal this is the line located just above the insurance agent signature on the face of the bond that needs to be done in front of a notary be certain that the notary signs and seals the back of the bond in the appropriate section check your source materials for a detailed treatment of where the notary should sign and seal the document next a photo of the dealership location that shows the sign must be included with the application the company name on the sign must read exactly as it appears on the application and bond be certain that the sign is legible and permanently attached in the photo and that...
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