§664-A. Resale by dealer
1. Vehicle sold by dealer. A vehicle that is sold by a dealer must be accompanied by a properly assigned and valid certificate of title or certificate of salvage at the time of its sale. A dealer may retain and process certificates of title and certificates of salvage at the dealer’s primary facility if in the case when the dealer displays a vehicle at an annex facility the dealer maintains a copy of the certificate of title or certificate of salvage at the annex facility.
[PL 2009, c. 598, §29 (AMD).]
2. Vehicle held by dealer. If a dealer holds a vehicle for resale and obtains the certificate of title or certificate of salvage, the dealer is not required to deliver the certificate to the Secretary of State.
[PL 1997, c. 437, §20 (NEW).]
3. Transfer. When transferring possession of a vehicle held for resale to a retail purchaser, a dealer shall comply with section 654.
[PL 1997, c. 437, §20 (NEW).]
4. Unreleased security interest. If a certificate of title shows an unreleased security interest, a dealer may not transfer possession of the vehicle unless the dealer possesses a properly released certificate of lien or the Secretary of State has issued a replacement certificate omitting the security interest under section 705.
[PL 2001, c. 671, §14 (AMD).]
5. Sold at auction. Except for a vehicle sold to a dealer at a vehicle auction licensed under section 852, a vehicle that is sold at an auction must be accompanied by a valid certificate of title or salvage at the time of its sale. The seller of a vehicle sold to a dealer at a vehicle auction licensed under section 852 must provide the purchasing dealer with a valid certificate of title or certificate of salvage within 30 days.
[PL 2011, c. 556, §6 (AMD).]
6. Documentation. A vehicle that is exempt under section 652 or a vehicle from a jurisdiction that does not issue certificates of title must be accompanied by information and documents to establish the ownership of the vehicle and the existence or nonexistence of a security interest in it.
[PL 1997, c. 437, §20 (NEW).]
7. Penalty. Violation of this section is a Class E crime.
[PL 1997, c. 437, §20 (NEW).]
SECTION HISTORY
PL 1997, c. 437, §20 (NEW). PL 2001, c. 671, §14 (AMD). PL 2009, c. 598, §29 (AMD). PL 2011, c. 556, §6 (AMD).
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