What must a dealer do if they change their principal place of business?

When a dealer changes their principal place of business, it is essential to notify the Board in writing immediately. This requirement ensures that the Board can maintain accurate and up-to-date records of all licensed dealers. Keeping the Board informed is vital for regulatory compliance and helps avoid any potential issues related to licensure or business operations.

Timely notification is crucial because the change may affect various legal aspects, including zoning laws, local business regulations, and consumer protection laws. Additionally, by informing the Board promptly, the dealer helps facilitate any necessary updates or inspections that may be required at the new location. Overall, this action supports the integrity and transparency of the dealership's operations within the regulatory framework of the Colorado Motor Vehicle Dealer Board.