Ownership Change

REQUIREMENTS

Ownership Change applications are governed by the following Laws & Regulations. 

Statutes in general related to the Motor Vehicle Dealer Board can be found by looking for Title 44, Article 20, here:  http://www.lexisnexis.com/hottopics/michie/.

Regulations in general related to the Motor Vehicle Dealer Board can be found here:

https://www.sos.state.co.us/CCR/NumericalCCRDocList.do?deptID=19&deptName=200%20Department%20of%20Revenue&agencyID=77&agencyName=205%20Motor%20Vehicle%20Dealer%20Board

  • C.R.S. 44-20-119 - Ownership Change Requirements
  • C.R.S. 44-20-418 - Ownership Change Requirements
  • C.R.S. 44-20-118 - Fingerprinting Requirement
  • C.R.S. 44-20-117 (8) - Finger Printing Requirement 
  • C.R.S. 44-20-104 (3)(h) - Application Requirements
  • Regulation 44-20-104 (3)(h) - Application Requirements
  • C.R.S 44-20-404 (2)(b) - Application Requirements
  • Regulation 44-20-404 (2)(b) - Application Requirements

FORMS REQUIRED

DR 2016 – Change of Ownership Application  See this form for instructions and documents.

DR 2017 - Addendum to Change of Ownership Application – This form must be completed by each new owner.
 
DR 2197 - Verification of Fingerprints, proof of fingerprints and payment.
 
Before proceeding with an ownership change, determine that your change of ownership is not a change of entity. See Change of Entity
  • Failure to provide complete “Information to be Reported” in your notification letter may result in a delay in processing, or administrative action.
  • Any transfer of any percentage amount of the ownership or membership interest of any corporation, limited liability company, or limited liability partnership, holding a license under the provisions of this article shall be reported to the Board within 10 days of such transfer. Reporting requirements on stock transfers apply if the corporation is not subject to the reporting requirements of the Securities and Exchange Act of 1934, as amended. (public corporations)
  • To be approved by the board to hold an ownership interest in a licensed business entity, the new owner must demonstrate the qualifications necessary for licensing, including a fingerprint-based criminal history record check, in accordance with this part 1.
  • Verification of Fingerprints  -  Submit Verification of Fingerprints form (DR-2197), a receipt or confirmation from a 3rd party vendor, and Fingerprints. Visit the Verification of Fingerprints page on this website for specific requirements that must be met by all applicants. Fingerprint are not required for additional or renewal applications.
*Note this form can also be found in the Forms and Publications section of this website. 

FEES

See current fiscal year Fee Schedule.
Checks should be made to: Colorado Department of Revenue
 

ADDITIONAL QUESTIONS

If you have additional questions, call our main number: 303-205-5604 or e-mail your question to: dor_dealers@state.co.us