Enforcement of vehicle liens; increases property value.
The bill outlines procedures for enforcing vehicle liens, including the sale of vehicles by bailees. It mandates that bailees notify the Department of Motor Vehicles of their intent to sell a vehicle, and requires the Department to check for owner and lienholder information. If the vehicle is not reclaimed or the debt unpaid, the bailee may sell the vehicle. The bill also specifies the value determination process for vehicles, with different procedures for vehicles of varying values.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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