How must a dealer remit collected fees to the DMV?

The correct approach for a dealer to remit collected fees to the DMV is by submitting a bundle of Reports of Sale. This method streamlines the process for both the dealer and the DMV, allowing for multiple transaction reports to be combined and submitted in one go. It not only ensures that the DMV has a consolidated record of sales but also simplifies accounting practices for the dealership.

Submitting individual reports for each sale would be inefficient and could lead to a logistical burden for both the dealer and the DMV. Online payments only may not cover all scenarios, especially if certain jurisdictions have different requirements for fee submissions. Monthly submissions alone do not allow for the flexibility and accuracy that bundle submissions provide, which can reflect more up-to-date sales records. This bundle system enhances efficiency in managing dealer transactions and ensures compliance with DMV regulations.