Vehicles: title; reference to electronic transfer of title or interest in vehicle; update. Amends secs. 233, 234, 239 & 240 of 1949 PA 300 (MCL 257.233 et seq.).
What changed between versions
Added a requirement that registration plates transferred to family members (spouse, parents, siblings, or children) must be accompanied by a proper certificate of registration for the receiving vehicle.
Modified the effective date of a vehicle title transfer to be the date the purchaser signs the application or assignment, rather than the date the seller signs.
Added a new option allowing a secured receipt to be submitted to the Secretary of State in lieu of a physical title when paying off a loan.
Added new prohibitions against transferring vehicles subject to forfeiture to avoid seizure and against purchasing vehicles solely to circumvent immobilization laws.
Added a presumption that a seller who fails to properly transfer a title is liable for towing and storage fees of an abandoned vehicle.
Added a restriction preventing individuals with three or more prior license suspensions/revocations or specific DUI convictions from purchasing or leasing vehicles during the suspension period.
