The bill amends the Motor Vehicle Certificate of Title Act in Nebraska to expand the types of vehicles that require a certificate of title, specifically including utility trailers, self-propelled agricultural equipment, and power unit hay grinders, effective January 1, 2026. It updates procedures for issuing titles, managing liens, and maintaining records, introducing an electronic title and lien system. The bill also harmonizes existing provisions and repeals outdated sections, ensuring that the county treasurer issues certificates of title in duplicate and maintains electronic records.
Furthermore, the bill establishes new provisions for the certification and lien processes related to utility trailers and agricultural equipment. It mandates that certificates of title must reflect any existing liens and outlines the process for lien notations. Holders of certificates must surrender their titles upon request for lien notations, and security interest holders are given a mechanism to obtain a title if the owner does not comply. The bill clarifies that the assignment, release, or satisfaction of a security interest will follow the original laws under which it was perfected, while also repealing several original sections to streamline the legal framework.
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