What happens if a dealer fails to submit the Report of Sale on time?

When a dealer fails to submit the Report of Sale on time, they may face penalties from the DMV. This report is crucial as it documents the transfer of ownership from the seller to the buyer and keeps the DMV's records up to date. Timely submission ensures that the buyer can register the vehicle in their name without complications. If the report is not submitted promptly, the DMV can impose fines or other disciplinary actions against the dealership, which can impact their operations and reputation. Adhering to deadlines for reports is essential for compliance with regulatory standards and maintaining good standing with the DMV.