This bill amends existing laws regarding motor vehicle ownership and the transfer of vehicle titles, particularly in the context of deceased owners. It introduces the acceptance of an affidavit of heirship, allowing heirs to transfer the title and interest in a vehicle from a decedent without the need for a formal probate process. The bill specifies that the Office of Motor Vehicle will issue documentation proving the transfer of title upon the submission of this affidavit. Additionally, it clarifies that certificates of title need not be renewed annually and will remain valid until canceled or transferred.
Furthermore, the bill modifies the definition of "owner" to include individuals who possess a vehicle subject to a lien and allows for the issuance of a certificate of title with a beneficiary even when a lienholder is involved. It also outlines the necessary information that must be provided when applying for a certificate of title with a beneficiary, including details about any lienholders. The amendments aim to streamline the process of transferring vehicle ownership and ensure that heirs can efficiently manage the titles of vehicles left to them.
Statutes affected: SB 583: 27-14-719, 28-41-105, 27-14-727(a), 27-14-727(c), 27-14-727(d)