AR HB1793

Amends Arkansas Code § 18-45-202(b) to clarify that vehicle repairmen's liens are subject to perfected purchase money liens held by financial institutions or vendors, and do not take precedence if a valid authorization for repossession is presented.

Defines "valid authorization for repossession" as a motor vehicle purchase or lease agreement containing a conspicuous written provision in boldfaced type that authorizes repossession upon default.

Repeals Arkansas Code § 18-45-204(c) requiring lienholders to make demand for debt by registered letter before sale, and repeals § 18-45-204(e) regarding vehicle sale procedures under state registration laws.

Creates new sections 18-45-208 and 18-45-209 establishing notice requirements for vehicle repairmen to notify leaseholders and financial institutions within 2 days of repair completion and within 5 days of non-payment, and allowing surrender of vehicles upon presentation of valid repossession authorization.

Repeals Arkansas Code § 27-50-1101(a)(1)(F) and § 27-50-1208(e)(2) relating to abandoned vehicle procedures on repair business premises.