HB1318 (2008) Detail

(New Title) relative to delivery of applications for certificates of title by dealers.


CHAPTER 231

HB 1318 – FINAL VERSION

05/15/08 1590s

2008 SESSION

08-2513

03/09

HOUSE BILL 1318

AN ACT relative to delivery of applications for certificates of title by dealers.

SPONSORS: Rep. Packard, Rock 3

COMMITTEE: Transportation

AMENDED ANALYSIS

This bill increases the time period for a dealer to deliver an application for a certificate of title to the department of safety if the title is in the possession of a lienholder.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05/15/08 1590s

08-2513

03/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eight

AN ACT relative to delivery of applications for certificates of title by dealers.

Be it Enacted by the Senate and House of Representatives in General Court convened:

231:1 Application for Certificate of Title. Amend RSA 261:4, II to read as follows:

II. If the application refers to a vehicle purchased from a dealer, it shall contain the name and address of any lienholder holding a security interest created or reserved at the time of the sale and the date of [his] the security agreement and be signed by the dealer as well as the owner, and the dealer shall within 10 days of the date of sale mail or deliver to the department the application and other supporting documents as required by the director, except when the title is in the possession of a lienholder at the time of sale in which event the dealer shall have [20] 40 days from the date of sale to mail or deliver to the department the application and other supporting documents as required by the director. A dealer who makes a courtesy delivery shall prepare the title application and supporting documents, but said delivery shall not be construed as a sale by the New Hampshire dealer.

231:2 Effective Date. This act shall take effect October 1, 2008.

Approved: June 20, 2008

Effective Date: October 1, 2008