(a) All dealers as described in § 55-14-104 shall keep records of all used automobile parts and/or accessories purchased by them for resale and these records shall contain, but not be limited to, the following:

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Terms Used In Tennessee Code 55-14-105

  • Dealer: means every person engaged in the business of buying, selling or exchanging vehicles of a type required to be registered and who has an established place of business for that purpose in this state. See Tennessee Code 55-8-101
  • Person: means a natural person, firm, copartnership, association, corporation, or an engaged ADS. See Tennessee Code 55-8-101
  • signed: includes a mark, the name being written near the mark and witnessed, or any other symbol or methodology executed or adopted by a party with intention to authenticate a writing or record, regardless of being witnessed. See Tennessee Code 1-3-105
  • Vehicle: means every device in, upon or by which any person or property is or may be transported or drawn upon a highway, excepting devices used exclusively upon stationary rails or tracks. See Tennessee Code 55-8-101
(1) Name and address of the person from whom the dealer purchased the parts and/or accessories;
(2) A receipt signed by the person from whom the dealer bought the parts and/or accessories, showing the dealer’s purchase price;
(3) The license number of the motor vehicle used by the seller, if there is one; and
(4) The person or place where the seller obtained the parts or accessories.
(b) The information shall be obtained by the dealer before purchasing the articles for resale.
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