News and Announcements Archive
Archived News and Announcements
2011 - News
Dealers - Truecar Memorandum
December 16, 2011See attached memo surrounding the relationship between Colorado Motor Vehicle Dealers and TrueCar.
New Mastery Examination Affidavit - DR 2097 dated 4/28/11
Effective 4/29/11 - All applicants must use the new mastery exam affidavit. This form can be found in the Forms & Publications section, as well as in each of the Dealers or Approved Providers Mastery Exam pages. See form DR 2097 - Examination Affidavit.
Mastery Exam Password Reset
As of 3/28/11, the On-Line Mastery Exam DEALERS password has been reset. To obtain the new password, contact: AIDMasteryExam@.dor.state.co.us
New Dealers who do not currently have an administrator password should contact the mailbox above as well.
2010 - News
Uniform Consumer Credit Code (“UCCC”)
ATTN: Retail Sales Businesses
Companies that extend consumer credit in Colorado should be aware of amendments to the Colorado UCCC due to the passage of Colorado House Bill 09-1141. As of January 1, 2010 retail sales companies are required to file notification even if the contracts are sold or assigned within thirty days of the contract date. However, they are no longer required to pay volume fees. In addition, retail sales companies may be subject to periodic compliance examinations pursuant to Section 5-6-203, C.R.S.
On Line Mastery Examination - Limited to 2x's per day
As noted in the "Mastery Exam" instructions section of the AID website (item #9) "THE NUMBER OF TIMES IN A CALENDAR DAY THAT AN APPLICANT CAN TAKE THE EXAMINATION IS TWO (2). IF YOU EXCEED THE 2x PER DAY LIMIT, YOUR THIRD (3) TEST (OR MORE) WILL BE INVALIDATED." Please share this critical instruction with your applicants.
Change of Class - Update
Effective 10/1/10 the Dealer Board will require all current Dealer/Wholesaler applicants who are changing their class to have a net worth of $100,000 and an Experian Vantage credit score of 701 or higher.
Net Worth and Credit Score Changes
Effective 10/1/10 the Dealer Board will require Dealer/Wholesaler applicants to have a net worth of $100,000 and an Experian Vantage credit score of 701 or higher.
Public Notice - Revision of Examination Process for Mastery Examination
On Line Salesperson Portal
Due to a rule change that the Motor Vehicle Dealer Board has instituted, the online dealer licensing portal is no longer available. Please contact the Auto Industry Division at email@example.com if you have questions regarding this new rule change.
FULL LEGAL NAME: All Auto Industry applications and forms require that a licensee use their full legal name as shown on the applicants Drivers License or Identification Card.
Holiday Office Closures
Please be advised that the division offices will be closed to observe holidays.
Odometer Disclosure Errors - Increase
MV, Title and Registrations are seeing an increase in odometer corrections. Licensed Colorado Dealers must ensure that the completed odometer disclosure submitted with the application for title is accurate and reflects the mileage that is displayed on the odometer mechanism at the time of sale. Read more by clicking on this link Odometer Disclosure Errors.
Only the latest form versions to be accepted! To find the latest forms go to the Forms and Publications page of our website.
Lease Buyouts through Colorado Dealers
Douglas County Motor Vehicle Department has noticed an increase of Dealers issuing Temporary Permits to customers who buyout their lease thru the Dealer.
Odometer Disclosure Requirements
Recent correspondence with NHTSA (National Highway Traffic Safety Administration) has initiated an odometer reminder.
2009 - News
Recent Updates to Laws & Regulations
2008 - News
Pre-Licensing Education Certificate Required. AID will no longer provide educational training. Pre-Licensing Education will be provided by an approved licensed education provider.