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CA AB1884
Bill
Status
2/19/2014
Primary Sponsor
Bonnie Lowenthal
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AI Summary
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Requires lienholders to obtain a federal National Motor Vehicle Title Information System (NMVTIS) vehicle history report from a NMVTIS data provider before applying to the Department of Motor Vehicles for authorization to conduct a lien sale.
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Includes the NMVTIS vehicle history report with lien sale applications and allows the fee charged for the report to be recovered from lien sale proceeds or vehicle redemption.
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Removes distinctions between vehicles titled in California versus other states from lien sale procedures, instead basing procedures on vehicle value ($4,000 or less versus over $4,000) and NMVTIS report information.
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Allows lienholders to recover the NMVTIS report fee in addition to processing costs ($70 for vehicles $4,000 or less; $100 for vehicles over $4,000) and requires notice to out-of-state registry agencies when vehicles were last titled in another state.
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Provides that NMVTIS requirements become inoperative if all NMVTIS data providers cease making reports available to the public.
Legislative Description
Vehicle liens.
Last Action
In committee: Hearing postponed by committee.
5/7/2014