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IL HB4984
Bill
Status
1/8/2013
Primary Sponsor
Patricia Bellock
Click for details
AI Summary
HB4984 - Vehicle Liens-Enforcement Summary
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Requires the Secretary of State to provide written explanation and supporting proof when refusing to issue a certificate of title for vehicles sold at public auction under the Labor and Storage Lien Act, Labor and Storage Lien (Small Amount) Act, or Sale of Unclaimed Property Act
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Establishes 30-day deadline for the Secretary of State to either issue a certificate of title or notify the applicant of refusal for vehicles sold at public auction under the three specified lien acts
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Allows lienholders to enforce liens on motor vehicles 16 days after completion of labor/services/storage or 16 days after agreed redemption date, instead of the standard 90-day period
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Requires certified mail notice to all lienholders before enforcing liens on motor vehicles, with notice containing owner name, lienholder names, vehicle identification information, and amount due
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Limits lienholder claims to reasonable fees not exceeding customary charges and restricts storage fee liability to 15 days maximum; lienholders must provide documentation and forfeit vehicle interest if not claimed within 30 days of notice
Legislative Description
VEHICLE LIENS-ENFORCEMENT
Last Action
Session Sine Die
1/8/2013