Consignment Sales

TITLE 49 MOTOR VEHICLES CHAPTER 16 DEALERS AND SALESMEN LICENSING 49-1636. Consignment sales. (1) An owner who consigns a vehicle to a vehicle dealer to be offered for sale or exchange on behalf of the owner to a third party purchaser, shall provide the dealer with either the certificate of title to the vehicle along with a power of attorney designating the dealer as an agent of the owner, or a duly executed consignment agreement between the dealer and the owner, along with a copy of the certificate of title of the vehicle being consigned. (2)  A consignment agreement shall contain at the least, the following: (a)  The name and current address of the owner of the vehicle as shown on the certificate of title; (b)  The name and current address of any person holding a lien on the vehicle; (c)  The name of the consignee; (d)  A description of the vehicle including the vehicle’s make, model, vehicle identification number and odometer reading; and (e)  A statement that the owner has appointed the vehicle dealer as his agent for the purpose of offering the vehicle for sale.