As used in this title: (1) "Immediate family" means spouse, parent, stepparent, child, stepchild, sister, brother, grandparent, and grandchild. (2) "Suspend" means temporarily prevent from continuing. (3) "Revoke" means prevent from continuing for at least ten years. (4) "Violation" means a single found incident leading to the issuance of points. For purposes of this chapter, a violation could be a single sale, a single vehicle, a single document, or other similar items. (5) "Out-of-trust" means a dealer selling a vehicle without paying the complete financial obligation needed to obtain the title for the sold vehicle. (6) "Open title" means, upon the purchase of a vehicle by a dealer and the seller has completed his portion of the certificate of title, the dealer or purchaser intentionally leaves the buyer or purchaser assignment blank on the title. (7) "Dealer" means any entity licensed as a dealer under this title without regard to the type of dealer license issued by the department. Code Commissioner's Note At the direction of the Code Commissioner, "chapter" was substituted for "article" to correct a scrivener's error. Editor's Note 2023 Act No. 51, SECTION 40(D), provides as follows: "[SECTION 40.](D) SECTIONS 15 through 28 take effect on January 1, 2024. Any dealership applying for or renewing licenses, or operating on a currently issued license on or after January 1, 2024, is subject to the provisions of SECTIONS 15 through 28."
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