HB 1626 | Shortens the time limit for the release of a lien on a motor vehicle |
HCS/HB 1626 - Lienholders of interests in motor vehicles
shall release the lien within 10 business days of payment.
Current law allows up to 30 days if no demand is made for the
release. The penalty for failure to release is a civil liability
to the vehicle owner, ranging from $25 to $500.
MICHAEL HOEFERKAMP