The registrar of motor vehicles shall designate as an electronic motor vehicle dealer a motor vehicle dealer who meets all of the following criteria:
(A) The dealer holds a current, valid dealer license issued under Chapter 4517. of the Revised Code.
(B) The dealer participates in the title defect recision fund created by section 1345.52 of the Revised Code.
(C) The dealer has the capability, via electronic means, to send motor vehicle title and registration information, as specified by the registrar, to the registrar and clerks of the courts of common pleas.
(D) The dealer meets other criteria for electronic motor vehicle dealers that the registrar may establish by rule adopted under Chapter 119. of the Revised Code.