PRINTER'S NO. 4667
No. 2997 Session of 2002
INTRODUCED BY BROOKS, M. BAKER, BENNINGHOFF, BUNT, CAPPELLI,
CLARK, CREIGHTON, DeWEESE, FICHTER, FRANKEL, GEIST, GEORGE,
HENNESSEY, KELLER, LAUGHLIN, McGEEHAN, S. MILLER, PHILLIPS,
PIPPY, ROSS, RUBLEY, SAYLOR, SCAVELLO, SCRIMENTI, SEMMEL,
SHANER, E. Z. TAYLOR, WATSON AND YOUNGBLOOD,
NOVEMBER 21, 2002
REFERRED TO COMMITTEE ON TRANSPORTATION, NOVEMBER 21, 2002
AN ACT
1 Amending Title 75 (Vehicles) of the Pennsylvania Consolidated
2 Statutes, providing for certificate of title in beneficiary
3 form and related fee.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Title 75 of the Pennsylvania Consolidated
7 Statutes is amended by adding sections to read:
8 § 1101.1. Certificate of title in beneficiary form.
9 (a) General rule.--Title to a vehicle subject to
10 registration may be held in beneficiary form that includes a
11 direction to transfer ownership of the vehicle to a designated
12 beneficiary on the death of the owner if both of the following
13 requirements are satisfied:
14 (1) Only one owner is designated.
15 (2) Only one transfer on death (TOD) beneficiary is
16 designated.
1 (b) Form.--A certificate of title issued in beneficiary form
2 shall include, after the name of the owner, the words "transfer
3 on death to" or the abbreviation "TOD" followed by the name of
4 the beneficiary.
5 (c) Signature of beneficiary not required.--During the
6 lifetime of the owner, the signature or consent of the
7 beneficiary is not required for any transaction relating to the
8 vehicle for which a certificate of title in beneficiary form has
9 been issued.
10 (d) Certificate of title to beneficiary.--On application
11 accompanied by proof of death of the owner and, where
12 applicable, surrender of the outstanding certificate of title,
13 the department shall issue a certificate of title to the
14 beneficiary, subject to any outstanding security interest.
15 § 1953.1. Certificate of title to beneficiary.
16 The fee for issuance of a certificate of title to a
17 beneficiary upon the death of the vehicle owner is $5.
18 Section 2. This act shall take effect in 60 days.
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