Chapter 8Private Party Vehicle Markets
Section § 12101
This law section makes it clear that if a transaction is governed by this chapter, it doesn’t fall under the rules that usually apply to buying and selling secondhand goods in California. Basically, if you’re involved in transactions covered by this chapter, you won’t be treated as a “secondhand dealer” under the usual rules for secondhand tangible property.
Section § 12102
This law defines terms related to the 'private party vehicle market' in California. A 'private party vehicle market' is any event where two or more vehicles are offered for sale, and certain conditions apply, like charging a fee for displaying vehicles or for buyers to enter. If such an event happens more than six times a year at the same place and is not run by licensed dealers, it falls under this category. The person managing such an event is called a 'private party vehicle market operator,' and anyone selling or offering vehicles there is termed a 'vendor.' Events run by licensed dealers are not considered private party vehicle markets.
Section § 12103
This law requires operators of private vehicle markets to keep detailed records of vehicles sold or exchanged for at least one year. The records must include the vendor's name, driver's license number, and details about the vehicle like its registration number, vehicle identification number (VIN), certificate of compliance, make, model, and color.
These records must be available to any police officer or designated employee from the department upon request.
Section § 12104
This law requires private vehicle market operators to provide vendors with the necessary forms for vehicle ownership transfers. Additionally, they must share all public information about the legal requirements for transferring vehicle ownership between private individuals who aren't car dealers.