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NC H620

Bill

Status

Introduced

4/9/2013

Primary Sponsor

Deborah McManus

Click for details

Origin

House of Representatives

2013-2014 Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary Subcommittee A5/13/2013
Transportation4/10/2013

Full Bill Text

No bill text available