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The License of a motor vehicle salesperson or a power sports salesperson may be denied
revoked, or suspended on any of the following grounds except:
Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle
The advertise price of a motor vehicle must include:
Answer- Finance Charge
Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it
shall state the rate as an "annual percentage rate," using that term. If the annual percentage
rate may be increased after consummation, the advertisement shall state that fact. If an
advertisement is for credit not secured by a dwelling, the advertisement shall not state any
other rate, except that a simple annual rate or periodic rate that is applied to an unpaid balance
may be stated in conjunction with, but not more conspicuously than, the annual percentage
rate. If an advertisement is for credit secured by a dwelling, the advertisement shall not
state any other rate, except that a simple annual rate that is applied to an unpaid balance may
be stated in conjunction with, but not more conspicuously than, the annual percentage rate.
Advertisement of terms that require additional disclosures -
Triggering terms. If any of the following terms is set forth in an advertisement, the
advertisement shall meet the requirements of paragraph (d)(2) of this section:
(i)
The amount or percentage of any downpayment.
(ii)
The number of payments or period of repayment.
(iii)
The amount of any payment.
(iv)
The amount of any finance charge.
Which of the following is a true statement regarding dealers and buyers
a dealer shall clearly indicate on the customer contract when a vehicle is sold "as-is and without
a garantee
Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer
Answer- A vehicle subject to lien on the title
2.0 Proof of Ownership Requirements
a. A used vehicle with a Colorado title:
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