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AR HB2051

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Marshall Wright

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 27-14-806(a)(1) concerning lien recording under the Uniform Motor Vehicle Administration, Certificate of Title, and Antitheft Act
  • Allows a lienholder to record a lien on the manufacturer's statement of origin or on an existing certificate of title
  • Allows a lienholder to file a certified copy of the instrument creating and evidencing the lien or encumbrance with the Revenue Division of the Department of Finance and Administration
  • Clarifies that these three methods are optional alternatives available to lienholders for recording motor vehicle liens

Legislative Description

To Clarify The Bankruptcy Lien Avoidance Statutes.

Last Action

Sine Die adjournment

5/17/2013

Committee Referrals

Transportation, Technology & Legislative Affairs4/5/2013
Judiciary3/11/2013

Full Bill Text

No bill text available