29-A §664-A. Resale by dealer
Title 29-A: MOTOR VEHICLES HEADING: PL 1993, C. 683, PT. A, §2 (NEW); PT. B, §5 (AFF)
Chapter 7: TITLE TO VEHICLES HEADING: PL 1993, C. 683, PT. A, §2 (NEW); PT. B, §5 (AFF)
Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE HEADING: PL 1993, C. 683, PT. A, §2 (NEW); PT. B, §5 (AFF)
§664-A. Resale by dealer
1. Vehicle sold by dealer. A vehicle that is sold by a dealer must be accompanied by a properly assigned and valid certificate of title or certificate of salvage at the time of its sale. A dealer may retain and process certificates of title and certificates of salvage at the dealer’s primary facility if in the case when the dealer displays a vehicle at an annex facility the dealer maintains a copy of the certificate of title or certificate of salvage at the annex facility.
[ 2009, c. 598, §29 (AMD) .]
2. Vehicle held by dealer. If a dealer holds a vehicle for resale and obtains the certificate of title or certificate of salvage, the dealer is not required to deliver the certificate to the Secretary of State.
[ 1997, c. 437, §20 (NEW) .]
3. Transfer. When transferring possession of a vehicle held for resale to a retail purchaser, a dealer shall comply with section 654.
[ 1997, c. 437, §20 (NEW) .]
4. Unreleased security interest. If a certificate of title shows an unreleased security interest, a dealer may not transfer possession of the vehicle unless the dealer possesses a properly released certificate of lien or the Secretary of State has issued a replacement certificate omitting the security interest under section 705.
[ 2001, c. 671, §14 (AMD) .]
5. Sold or displayed for sale at auction. A vehicle that is sold or displayed for sale at an auction must be accompanied by a valid certificate of title at the time of its sale or display. A salvage vehicle sold or displayed for sale at an auction or insurance salvage pool must be accompanied by a valid certificate of salvage at the time of its sale or display for sale, unless it is accompanied by a certificate of title from a jurisdiction that does not issue certificates of salvage.
[ 1997, c. 437, §20 (NEW) .]
6. Documentation. A vehicle that is exempt under section 652 or a vehicle from a jurisdiction that does not issue certificates of title must be accompanied by information and documents to establish the ownership of the vehicle and the existence or nonexistence of a security interest in it.
[ 1997, c. 437, §20 (NEW) .]
7. Penalty. Violation of this section is a Class E crime.
[ 1997, c. 437, §20 (NEW) .]
SECTION HISTORY
1997, c. 437, §20 (NEW). 2001, c. 671, §14 (AMD). 2009, c. 598, §29 (AMD).