§249-14.5 New bicycles and mopeds. All new bicycles and mopeds, otherwise requiring the payment of fees under section 249-14, held in stock for purposes of sale shall be exempt from the fee. At the time of first sale, the dealer selling the new bicycle or moped shall:
(1) Require the buyer to complete a license application form furnished by the director of finance;
(2) Issue a copy of the completed form to the buyer; and
(3) Transmit a copy of the completed form to the director of finance with the required fees that the dealer has collected from the buyer.
Upon receipt of the fee and the completed license application form, the director of finance shall mail a license plate and tag or emblem for mopeds, or tag or decal for bicycles, and certificate of registration to the registered owner. Until the license plate and tag or emblem for mopeds, or tag or decal for bicycles, is received, the bicycle or moped owner shall keep a copy of the completed application form upon the owner's person when riding the bicycle or moped on a public street. [L 1974, c 105, pt of §2; am L 1978, c 175, §3; gen ch 1985; am L 1988, c 264, §3; am L 2016, c 200, §3; am L 2017, c 12, §60]