Notification in lieu of applying for a certificate of title as
authorized in this section may not be used in excess of [three]
four consecutive transactions after which time an application
shall be made for a certificate of title. Notwithstanding the
foregoing, a transferee of a motor vehicle shall apply for a
certificate of title no later than six months from the date of
the assignment.
(a.1) Transfer of out-of-state vehicle from dealer to
dealer.--Notwithstanding subsection (a), the following shall
apply to a transfer of an out-of-state vehicle from a registered
dealer to another registered dealer:
(1) Except as otherwise provided under paragraph (2), if
a registered dealer holds the vehicle for sale and transfers
the vehicle to another registered dealer who holds the
vehicle for sale, the transferring dealer, without applying
for a new certificate of title, shall execute an assignment
of title to the transferee dealer in the manner and on the
form that the department requires.
(2) If the certificate of title held by the transferring
dealer does not contain an open dealer reassignment section,
or has already been used to reassign the vehicle four times
or more, the transferring dealer shall apply to the
department for issuance of a certificate of title.
(3) If a certificate of title is not required to be
obtained by a transferring dealer under paragraph (2), the
transferee dealer must apply for a certificate of title no
later than six months from the date of the assignment of the
certificate of title.
* * *
Section 2. This act shall take effect in 180 days.
20160SB1369PN2070 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30