Massachusetts H3701 mandates timely release of vehicle titles within 7 days of payment.

Massachusetts H3701 amends Chapter 90D of the General Laws to ensure that any lienholder holding a vehicle title must release it to the purchaser or lessee within 7 days of full payment. Failure to comply results in a penalty of $500 per day of non-compliance, assessed by the Registry of Motor Vehicles. The Registry is also tasked with creating regulations to enforce this requirement.

Massachusetts H3701 mandates timely release of vehicle titles within 7 days of payment.

Massachusetts H3701 amends Chapter 90D of the General Laws to ensure that any lienholder holding a vehicle title must release it to the purchaser or lessee within 7 days of full payment. Failure to comply results in a penalty of $500 per day of non-compliance, assessed by the Registry of Motor Vehicles. The Registry is also tasked with creating regulations to enforce this requirement.