§ 253.4. Operation of business.

 (a)  Display of certificate of authorization. Every salvor shall display its certificate of authorization in its place of business, and a supplemental certificate in any branch office or other place of business.

 (b)  Notice of name or address changes. Every salvor shall notify the Department within 5 days of a change in a mailing or business address, or of a change in name.

 (c)  Maintenance of records. The salvor shall maintain a separate record on each abandoned vehicle in its possession. If the abandoned vehicle is sold, this transaction shall be recorded in the appropriate file. The files shall be maintained for at least 3 years.

 (d)  Security. The salvor shall maintain at each place of business facilities such as locking cabinets or other similar equipment which shall meet the approval of the Bureau for assuring the security of documents. The documents shall be secured in the facilities during nonbusiness hours.

 (e)  Transfer of certificate of authorization. A certificate of authorization may not be transferred and shall be valid only for the owner in whose name it is issued.

   (1)  In the case of a change of ownership, the salvor shall notify the Bureau within 5 days.

   (2)  The following are regarded as changes of ownership:

     (i)   When the owner takes a new partner.

     (ii)   When the owner sells the business.

     (iii)   When the business is incorporated.

     (iv)   When a controlling interest in a corporation is sold.

     (v)   When an owner retires or dies.

 (f)  Inspection of records. Records required by the Department to be maintained by the salvor in carrying out its duties under this chapter shall be subject to periodic inspection by authorized representatives of the Department or its designated agents, under the following conditions:

   (i)  Place. The inspection will be conducted at the salvor’s established place of business.

   (ii)  Time. The inspection will be conducted during regular business hours.

   (iii)  Scope. The inspection will be limited to examination of the records, as well as vehicles or parts of vehicles which are subject to the recordkeeping requirements of this chapter and which are on the premises.

Source

   The provisions of this §  253.4 adopted August 19, 1977, effective August 20, 1977, 7 Pa.B. 2362; amended September 28, 1990, effective September 29, 1990, 20 Pa.B. 4957. Immediately preceding text appears at serial pages (90316) to (90317).



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