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NC H620
Bill
Status
4/9/2013
Primary Sponsor
Deborah McManus
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AI Summary
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Eliminates the requirement for a special proceeding in court when a motor vehicle subject to a mechanic's lien cannot be located or the owner cannot be reasonably ascertained, allowing the lienor to sell the vehicle directly without judicial authorization.
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Removes the $800 fair market value threshold that previously limited when vehicles could be sold without a court proceeding, allowing streamlined sales regardless of vehicle value.
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Allows lienors to proceed with vehicle sales without a judicial hearing if certified mail notice is returned as undeliverable or the owner cannot be reasonably ascertained, provided the Division of Motor Vehicles was properly notified.
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Requires the lienor to notify the Division of Motor Vehicles upon completion of the sale and directs any excess proceeds to the State Treasurer for disposition under Chapter 116B of the General Statutes.
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Becomes effective October 1, 2013, and applies only to liens created on or after that date.
Legislative Description
Streamline Sales for Mechanics Liens
Last Action
Re-ref Com On Judiciary Subcommittee A
5/13/2013