(a) A licensee shall notify the department in writing within 10 days if there is any change of:
  (1) ownership;
  (2) business name;
  (3) physical location;
  (4) dealer agreement;
  (5) distributors, dealers, or representatives; or
  (6) address or phone information.
(b) The licenses issued under this subchapter to dealers must be publicly displayed at all times in the place of business for which the license is issued.
(c) A licensee must keep a complete record available for inspection in the place of business relating to all vessels, motorboats, and outboard motors purchased, sold, or displayed for sale for a minimum of 24 months. Content of records must include the:
  (1) date of purchase;
  (2) date of sale;
  (3) hull identification number and/or motor identification number;
  (4) name and address of person selling to the dealer;
  (5) name and address of person purchasing from the dealer;
  (6) name and address of selling dealer or individual if vessel and/or outboard motor is offered for sale by consignment;
  (7) a copy of the vessel/outboard motor title/registration receipt;
  (8) copies of any and all documents, forms, and agreements applicable to a particular sale, consignment, listing, transfer of ownership, titling, titling and registration, or documentation through the U.S. Coast Guard, including, but not limited to title applications, work-up sheets, Manufacturer's Certificates of Origin, titles or photocopies of the front and back of titles, factory invoices, sales contracts, retail installment agreements, buyer's orders, bills of sale, waivers, or other agreements between the seller and purchaser; and
  (9) copies of written consignment agreements or power of attorney for vessels, motorboats, or outboard motors.

Source Note: The provisions of this §53.115 adopted to be effective April 10, 2017, 42 TexReg 1898