Idaho § 49-1609A SATISFACTION OF LIENS PRIOR TO RESALE OF VEHICLE

Idaho Statutes

§ 49-1609A — SATISFACTION OF LIENS PRIOR TO RESALE OF VEHICLE

Idaho·Title 49 MOTOR VEHICLES·Ch. 16 DEALERS AND SALESMEN LICENSING

(1)When a motor vehicle dealer licensed pursuant to this chapter takes possession of a vehicle for purposes of resale, the dealer shall have ten (10) business days from the date of possession to satisfy in full any and all lienholders who are perfected at the time of taking possession, unless the owner relinquishing possession of the vehicle agrees in writing to directly pay the perfected lienholder.

(2)No such vehicle shall be resold or transferred to any retail purchaser until all perfected liens have been satisfied in full.

(3)It shall be a misdemeanor punishable as provided in section 49-236, Idaho Code, for any person or licensee to violate the provisions of this section.

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(1) When a motor vehicle dealer licensed pursuant to this chapter takes possession of a vehicle for purposes of resale, the dealer shall have ten (10) business days from the date of possession to satisfy in full any and all lienholders who are perfected at the time of taking possession, unless the owner relinquishing possession of the vehicle agrees in writing to directly pay the perfected lienholder.
(2) No such vehicle shall be resold or transferred to any retail purchaser until all perfected liens have been satisfied in full.
(3) It shall be a misdemeanor punishable as provided in section 49-236, Idaho Code, for any person or licensee to violate the provisions of this section.

Idaho § 49-1609A (SATISFACTION OF LIENS PRIOR TO RESALE OF VEHICLE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.