IN SB0242

Legislative Description

Motor vehicle title fraud. Defines "motor vehicle", for purposes of the financial responsibility laws, to include a motor vehicle titled by an individual using a federal identification number issued to a business entity. Provides that a court may suspend the registration certificate and plates of a motor vehicle that is titled to a nonqualified individual who commits title application fraud. Defines "nonqualified individual" as a person who is not eligible to receive a Social Security number or federal identification number. Provides that a nonqualified individual who establishes a business entity for the purpose of obtaining a certificate of title for

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