The bill amends the Natural Resources and Environmental Protection Act by updating section 80304, which governs the sale and transfer of watercraft titles. It stipulates that a person must deliver a certificate of title to the purchaser or transferee when selling or disposing of a watercraft, ensuring that the title reflects the new owner's name. Additionally, it requires that individuals acquiring a watercraft must obtain a certificate of title in their name in accordance with the relevant regulations.

Furthermore, the bill introduces provisions allowing the Secretary of State to establish an electronic system for processing the notification and transfer of watercraft ownership interests between parties, provided that none of the parties involved is a dealer. This electronic system aims to streamline the transfer process while ensuring the protection of proprietary information. The department is authorized to enter into contracts for the implementation of this system, which must include safeguards for sensitive information.

Statutes affected:
House Introduced Bill: 324.80304