HB306 Alabama 2013 Session

Summary

Primary Sponsor

Craig Ford

Independent

Session

Regular Session 2013

Title

Motor vehicles, liens, release of after four years for specified older vehicles, Sec. 32-8-64.2 am'd

Description

Existing law provides that a security agreement on a motor vehicle that is 12 model years old or older is considered satisfied after five years from the date of the security agreement.

This bill would reduce the period of time in which the security agreement on a motor vehicle that is 12 or more model years old is considered satisfied to three years.

Subjects

Motor Vehicles