1996 Regular Session

HOUSE BILL 500

CHAPTER NUMBER: 233 File Code: Motor Vehicles - Licensing & Registration
Sponsored By:
Delegate Curran
Entitled:
Vehicle Laws - Security Interests - Reporting of Release

Synopsis:

Requiring a party who holds a security interest in certain vehicles to deliver a copy of a release to a licensed dealer who pays off the security interest on behalf of the owner of the vehicle if the owner authorizes the secured party in writing to provide a copy of the release to the dealer.

Legislative History

House Action
1/31
First Reading Commerce and Government Matters
2/7
Hearing 2/28 at 1:15 p.m.
3/4
Favorable Report by Commerce and Government Matters
3/5
Favorable Report Adopted
Second Reading Passed
3/8
Third Reading Passed (124-0)
3/29
Returned Passed
4/30
Signed by the Governor Chapter 233
Senate Action
3/11
First Reading Finance
3/12
Hearing 3/26 at 1:00 p.m.
4/1
Favorable Report by Finance
3/30
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (40-5)
Bill indexed under the following Subjects:
MOTOR VEHICLES - DEALERS AND SALESMEN
MOTOR VEHICLES - GENERAL -see also- ABANDONED VEHICLES
SECURITY INTERESTS -see also- LIENS
Bill affects the following Statute:
Transportation
( 13-205 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments: None available