This bill amends existing law regarding the process for obtaining replacement certificates of title for vehicles. It specifies that if a certificate of title is lost or destroyed, the owner or lienholder must apply for a replacement certificate of title, which will be issued by the department or county treasurer. The application process requires a fee of thirty dollars, and the replacement certificate will be clearly marked as such. The bill also establishes that the previous certificate becomes void once a replacement is issued, and it outlines the rights of new purchasers regarding indemnification against claims on the original title.

Additionally, the bill modifies the fee structure for replacement certificates of title, increasing the amount that county treasurers can retain for their general fund from $12 to $18 per fee collected. It also includes a retroactive applicability provision, stating that the new rules will apply to replacement certificates of title applied for on or after January 1, 2025. Overall, the bill aims to streamline the process and clarify the terminology used in the law regarding vehicle title replacements.

Statutes affected:
Introduced: 321.42