SB954 - Requires lienholders to release liens on motor vehicles and trailers by electronic means upon satisfaction of the lien

SB 954

Requires lienholders to release liens on motor vehicles and trailers by electronic means upon satisfaction of the lien

Sponsor:

Cunningham

LR Number:

6245S.01I

Committee:

Transportation and Infrastructure

Last Action:

4/9/2014 - Voted Do Pass S Transportation and Infrastructure Committee

Journal Page:

Title:

Calendar Position:

Effective Date:

August 28, 2014

Current Bill Summary

SB 954 - Currently lienholders must mail or deliver a certificate or other document to the owner of a motor vehicle or trailer when the lien has been satisfied. This act requires lienholders to release the lien by electronic means established by the director of revenue and electronically transmit the release to the owner of the motor vehicle or trailer.

MICHELA BIRK

Amendments