Dealer Rescission - Cancellation of Sale

The sale of a motor vehicle may be rescinded or canceled if the dealer and purchaser agree to the rescission of sale within 30 days after the date of the title application. The dealer must document the rescission or cancellation of sale, and return to the rightful parties all fees, taxes, and other money. Documentation must be submitted to the Division within 15 business days after the date the parties agreed to rescind or cancel the sale. The documentation must include all of the following:

The Termination of Sale Agreement, form #15-0717 must have the original wet signatures. DocuSign with the appropriate DocuDign certificates will be accepted as 'wet signatures'.

Within 7 business days after receiving the documentation, the Division shall:

The motor vehicle dealer may not offer for retail sale the motor vehicle subject to the rescission or cancellation of sale until the dealer received the certificate of title in their name. The rescission or cancellation of sale does not negate that the motor vehicle has been subject of a previous retail sale.

Policy

8.6.3 Title and/or Registration Transactions Variations Specific to Dealer Transactions