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Assembly Bill A6876

2019-2020 Legislative Session

Relates to the design of vehicle certificates of title, which shall provide an instant record to be retained by the transferor

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Archive: Last Bill Status - In Assembly Committee

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2019-A6876 (ACTIVE) - Details

Current Committee:
Assembly Transportation
Law Section:
Vehicle and Traffic Law
Laws Affected:
Amd §§2108 & 2113, V & T L
Versions Introduced in 2021-2022 Legislative Session:
A6854

2019-A6876 (ACTIVE) - Summary

Relates to the design of vehicle certificates of title, which shall provide an instant record to be retained by the transferor, and which the transferor may file with the commissioner.

2019-A6876 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6876
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 25, 2019
                                ___________
 
 Introduced  by M. of A. PALUMBO -- read once and referred to the Commit-
   tee on Transportation
 
 AN ACT to amend the vehicle and traffic  law,  in  relation  to  instant
   records of vehicle certificates of title
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision (b) of section 2108 of the vehicle and  traffic
 law, as added by chapter 1134 of the laws of 1971, is amended to read as
 follows:
   (b)  The  certificate  of title shall contain forms for assignment and
 warranty of title by the owner, and for assignment and warranty of title
 by a dealer, and may contain forms for applications for a certificate of
 title by a transferee, the naming of a lienholder and the assignment  or
 release  of  the  security  interest of a lienholder.   THE COMMISSIONER
 SHALL DESIGN THE CERTIFICATE OF TITLE TO PROVIDE FOR AN  INSTANT  RECORD
 OF  SUCH  AN  ASSIGNMENT  AND  WARRANTY  OF  TITLE TO BE RETAINED BY THE
 TRANSFEROR. THIS RECORD SHALL CONTAIN THE SIGNATURES OF  THE  TRANSFEROR
 AND TRANSFEREE AND THE DATE SO SIGNED.
   §  2.  Subdivision (a) of section 2113 of the vehicle and traffic law,
 as added by chapter 1134 of the laws of 1971,  is  amended  to  read  as
 follows:
   (a) If an owner transfers his interest in a vehicle, other than by the
 creation  of  a security interest, he shall, at the time of the delivery
 of the vehicle, execute an assignment  and  warranty  of  title  to  the
 transferee  in  the space provided therefor on the certificate or as the
 commissioner prescribes, and cause the certificate and assignment to  be
 mailed  or  delivered  to the transferee. The assignment and warranty of
 title required by this section shall include a statement signed  by  the
 transferor  stating  either,  (i)  any facts or information known to him
 that could reasonably affect the validity of the title of  the  vehicle;
 or,  (ii)  that  no  such  facts  or information are known to him.   THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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