Automobile Fraud: 3.5 Title Information That Dealers Must Retain
Federal regulations create title document retention requirements that apply to “dealers and distributors of motor vehicles,” acting as either transferors or transferees.79 A dealer is defined as a person that sold at least five motor vehicles during the prior twelve months to buyers that in good faith bought the vehicles other than for resale.80 A distributor is a person that sold at least five motor vehicles during the prior twelve months for resale.81