SB 954 Requires lienholders to release liens on motor vehicles and trailers by electronic means upon satisfaction of the lien
Sponsor: Cunningham
LR Number: 6245S.01I Fiscal Note available
Committee: Transportation and Infrastructure
Last Action: 4/9/2014 - Voted Do Pass S Transportation and Infrastructure Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary

SB 954 - Currently lienholders must mail or deliver a certificate or other document to the owner of a motor vehicle or trailer when the lien has been satisfied. This act requires lienholders to release the lien by electronic means established by the director of revenue and electronically transmit the release to the owner of the motor vehicle or trailer.