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.
Delivered to Governor at 10:15 a.m. on May 9, 2013
Assigned Act No. 2013-224.
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1130
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Commerce and Small Business
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 592
Bedford motion to Adopt adopted Roll Call 591
Pittman Amendment Offered
Third Reading Passed
Bedford motion to Carry Over to the Call of the Chair adopted Voice Vote
Third Reading Carried Over to Call of the Chair
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Judiciary
Source: Alabama Legislature