The bill amends the Motor Vehicle Certificate of Title Act in Nebraska to expand the types of vehicles requiring a certificate of title, specifically including utility trailers and self-propelled agricultural equipment, effective January 1, 2026. It introduces new categories of vehicles and clarifies lien management by specifying that electronic records will be maintained, while certain provisions of the Uniform Commercial Code will not apply to vehicle security agreements. The bill also emphasizes the importance of proper documentation during ownership transfers, particularly in repossession or inheritance cases, and outlines the responsibilities of county treasurers in maintaining accurate records.
Furthermore, the bill establishes new provisions for the certification and lien processes for the newly defined "devices," which include utility trailers and agricultural machinery. It mandates that certificate holders must surrender titles upon request for lien notation and provides a process for security interest holders to obtain a title if the owner does not comply. The bill also repeals several original sections of the Nebraska Revised Statutes to streamline the legal framework surrounding these transactions, ultimately aiming to enhance the efficiency and clarity of the title and lien management processes for specific vehicles and devices.
Statutes affected: Introduced: 60-137
Final Reading: 60-101, 60-137, 60-152, 60-164, 60-166
Slip Law: 60-101, 60-137, 60-152, 60-164, 60-166