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Question 1 of 3
1. Question
Dealers should not submit voided Wholesale Report of Sale (REG 396) forms to the DMV. They should complete a Statement of Facts (REG 256) stating the circumstances of the error (void).
CorrectIncorrectHint
Do not submit voided Wholesale Report of Sale (REG 396) forms to the department. Complete a Statement of Facts (REG 256) stating the circumstances of the error (void) and keep it and the voided copy with your records for a minimum of four years.
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Question 2 of 3
2. Question
Dealer must report sales of vehicles sold to other dealers, auto auctions, dismantlers, steel mills, and scrap metal processors on a _______ form.
CorrectIncorrectHint
Dealers and lessor-retailers must report sales of vehicles sold to other California dealers, out-of-state dealers, auto auctions, dismantlers, steel mills, and scrap metal processors on a Wholesale Report of Sale (REG 396).
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Question 3 of 3
3. Question
Dealers may now choose to create original electronic business records if the electronic record is:
- Created in a non-alterable format that allows the document to be readily accessible and retrievable
- Legible, complete, and accurate
- Stored with access control and physical security measures to protect the records from unauthorized access, viewing, or alteration
CorrectIncorrectHint
Dealers may now choose to create original electronic business records if the electronic record is:
– Created in a non-alterable format that allows the document to be readily accessible and retrievable
– Legible, complete, and accurate
– Stored with access control and physical security measures to protect the records from unauthorized access, viewing, or alteration