South Carolina § 56-15-520 Transfer of title at wholesale motor vehicle auction; content of reassignment of title or bill of sale.

South Carolina Statutes

§ 56-15-520 — Transfer of title at wholesale motor vehicle auction; content of reassignment of title or bill of sale.

South Carolina § 56-15-520

Title 56MOTOR VEHICLES

Ch. 15REGULATION OF MANUFACTURERS, DISTRIBUTORS, AND DEALERS

This text of South Carolina § 56-15-520 (Transfer of title at wholesale motor vehicle auction; content of reassignment of title or bill of sale.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 56-15-520 (2026).

Text

When a transfer of title is made as a result of a transaction at a wholesale motor vehicle auction, the reassignment of title or bill of sale must note the name and address of the wholesale motor vehicle auction. However, the wholesale motor vehicle auction is not deemed to be the owner, seller, transferor, or assignor of title of a motor vehicle by reason of its name appearing on a reassignment of title or bill of sale or by reason of its payment of a guarantee of payment to a seller, receipt of payment from a purchaser, or the reservation of a lien or security interest for the purpose of securing payment from a purchaser.

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When a transfer of title is made as a result of a transaction at a wholesale motor vehicle auction, the reassignment of title or bill of sale must note the name and address of the wholesale motor vehicle auction. However, the wholesale motor vehicle auction is not deemed to be the owner, seller, transferor, or assignor of title of a motor vehicle by reason of its name appearing on a reassignment of title or bill of sale or by reason of its payment of a guarantee of payment to a seller, receipt of payment from a purchaser, or the reservation of a lien or security interest for the purpose of securing payment from a purchaser.