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NC S488
Bill
AI Summary
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Division of Motor Vehicles authorized to distribute temporary registration plates through commission contractors, who shall be compensated at the established transaction rate and provided necessary forms, equipment, and supplies.
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Security interest notation applications signed by debtors may use electronic signatures without notarization if submitted by a licensed or regulated lender with a Division-issued lienholder identification number; applications without debtor signatures do not require documentary evidence of security interest under the same conditions.
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Division and commission contractors are held harmless from liability for fraudulently or erroneously placed security interest notations; entities offering electronic signature processes assume all responsibility and liability for signature accuracy.
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Dealers may submit temporary registration plate applications electronically starting October 1, 2020, with methods for electronic signature included; Division shall not require fingerprints for criminal history record checks of license applicants or renewals.
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Motor vehicle dealer licenses remain valid for up to 30 days after expiration while renewal applications are pending; persons whose licenses are revoked solely for failure to pay fines may apply for limited driving privileges valid up to one year, provided they have not received such a privilege within the prior three years.
Legislative Description
DMV/MV Dealer Changes
Last Action
Ch. SL 2020-77
7/1/2020