This text of Arkansas § 27-101-1004 (Application for certificate of title) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(a)The owner of a motorboat manufactured on and after January 1, 2020, shall apply to the Office of Motor Vehicle for the issuance of a certificate of title or a certificate of title with beneficiary under § 27-101-1013 , for the motorboat upon the appropriate forms furnished by the Office of Motor Vehicle.
(b)The application shall contain:
(1)The name, bona fide residence, and mailing address of the owner or business address if the owner is a firm, association, or corporation;
(2)(A) A description of the motorboat, including when available the make, model, year, hull identification number, motor or engine serial number or model number, and a manufacturer's certificate of origin.
(B)The manufacturer's certificate of origin shall be furnished to the dealer by the manufacturer and shall
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(a) The owner of a motorboat manufactured on and after January 1, 2020, shall apply to the Office of Motor Vehicle for the issuance of a certificate of title or a certificate of title with beneficiary under § 27-101-1013 , for the motorboat upon the appropriate forms furnished by the Office of Motor Vehicle. (b) The application shall contain: (1) The name, bona fide residence, and mailing address of the owner or business address if the owner is a firm, association, or corporation; (2) (A) A description of the motorboat, including when available the make, model, year, hull identification number, motor or engine serial number or model number, and a manufacturer's certificate of origin. (B) The manufacturer's certificate of origin shall be furnished to the dealer by the manufacturer and shall accompany the application for certificate of title. (C) The manufacturer's certificate of origin shall be on a form prescribed by the Secretary of the Department of Finance and Administration; (3) A statement concerning all liens or encumbrances upon the motorboat and the names and addresses of all persons having any interest in the motorboat and the nature of the interest; and (4) (A) Further information as may reasonably be required by the Office of Motor Vehicle to determine whether the owner is entitled to a certificate of title. (B) When the application refers to a motorboat purchased from a dealer, the application shall, if applicable, be accompanied by: (i) A statement by the dealer or a bill of sale showing any lien retained by the dealer; and (ii) Payment of applicable lien notation and lien filing fees set forth in § 27-101-1029 . (c) The application shall be accompanied by: (1) A certificate of title application fee in the amount of eight dollars ($8.00) per motorboat; and (2) A certificate of title fee in the amount of two dollars ($2.00) per motorboat. (d) (1) The certificate of title application fee collected under subdivision (c)(1) of this section shall be remitted to the Treasurer of State separate and apart from other taxes and fees. (2) (A) The Treasurer of State shall deduct a percentage of the gross amount of the certificate of title application fee collected under subdivision (c)(1) of this section for the benefit of the Constitutional Officers Fund and the State Central Services Fund as required in §§ 19-5-202 and 19-5-203 . (B) The net amount remaining after the deduction under subdivision (d)(2)(A) of this section shall be distributed as follows: (i) Fifty percent (50%) of the net amount shall be deposited as special revenue into the State Treasury and credited to the Commercial Driver License Fund for use by the Revenue Division of the Department of Finance and Administration; and (ii) Fifty percent (50%) of the net amount shall be deposited into the State Treasury as trust funds and credited to the State Police Retirement Fund to be used for the State Police Retirement System. (e) A certificate of title shall not be issued under this subchapter absent receipt of the following: (1) Payment of all applicable fees; (2) Proof of payment of personal property taxes; (3) Proof of assessment; (4) Proof of liability insurance to the extent required in § 27-101-301 et seq.; and (5) Any other documentation that may be requested by the Office of Motor Vehicle.