Amends the Motor Vehicle Sales Finance Act to revise the recording of encumbrances on property.

The bill amends the Motor Vehicle Sales Finance Act to revise the conditions under which the recording of an encumbrance on property perfects the instrument. It specifies that the recording does not perfect the instrument unless both a fair accounting of the facts supporting the recording and proof of service to the landowner are provided. The bill also outlines exceptions to these requirements, including tax liens and certain court-authorized filings.

Amends the Motor Vehicle Sales Finance Act to revise the recording of encumbrances on property.

The bill amends the Motor Vehicle Sales Finance Act to revise the conditions under which the recording of an encumbrance on property perfects the instrument. It specifies that the recording does not perfect the instrument unless both a fair accounting of the facts supporting the recording and proof of service to the landowner are provided. The bill also outlines exceptions to these requirements, including tax liens and certain court-authorized filings.