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27-14-902. Transfer or assignment by owner or lessee generally.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-902. Transfer or assignment by owner or lessee generally.
(a)(1) Whenever the owner or lessee of a registered vehicle transfers or assigns his or her title, or interest thereto, the registration of the vehicle shall expire.
(2) The owner or lessee shall remove the license plate or plates therefrom.
(3)(A) The owner or lessee may have the plate or plates assigned to another vehicle upon payment of the fees required by law and subject to the rules of the Office of Motor Vehicle.
(B) Whenever the owner or lessee elects to assign the plate or plates to a replacement vehicle, the owner may display the plate or plates on the replacement vehicle prior to registering the vehicle within the time permitted by § 27-14-903 provided that the owner has complied with § 27-14-701(c).
(b)(1) The owner or lessee shall pay a transfer fee of one dollar ($1.00).
(2) If the fee for registering and licensing the vehicle to be registered is greater than the registration fee paid for the vehicle originally licensed, then the office shall, in addition, collect an amount equal to the excess payable for the vehicle to be registered.
(3) No refund will be due in the event that the fee for registering and licensing the vehicle to be registered is less than that represented by the license to be transferred.
(c) The owner or lessee shall pay any additional fee which shall be required under the registration laws of this state.
(d) The owner shall endorse an assignment and warranty of title upon the certificate of title for the vehicle, and he or she shall deliver the certificate of title to the purchaser or transferee at the time of delivery of the vehicle, except as provided in §§ 27-14-906 and 27-14-909.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-902
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:27-14-902
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cc8b40f8d7430e7956740ff6e4738dd580a94b41316a76331df59878190d22e1
Source location: content.xml paragraph 2336
Stored source content
27-14-902. Transfer or assignment by owner or lessee generally.
(a)(1) Whenever the owner or lessee of a registered vehicle transfers or assigns his or her title, or interest thereto, the registration of the vehicle shall expire.
(2) The owner or lessee shall remove the license plate or plates therefrom.
(3)(A) The owner or lessee may have the plate or plates assigned to another vehicle upon payment of the fees required by law and subject to the rules of the Office of Motor Vehicle.
(B) Whenever the owner or lessee elects to assign the plate or plates to a replacement vehicle, the owner may display the plate or plates on the replacement vehicle prior to registering the vehicle within the time permitted by § 27-14-903 provided that the owner has complied with § 27-14-701(c).
(b)(1) The owner or lessee shall pay a transfer fee of one dollar ($1.00).
(2) If the fee for registering and licensing the vehicle to be registered is greater than the registration fee paid for the vehicle originally licensed, then the office shall, in addition, collect an amount equal to the excess payable for the vehicle to be registered.
(3) No refund will be due in the event that the fee for registering and licensing the vehicle to be registered is less than that represented by the license to be transferred.
(c) The owner or lessee shall pay any additional fee which shall be required under the registration laws of this state.
(d) The owner shall endorse an assignment and warranty of title upon the certificate of title for the vehicle, and he or she shall deliver the certificate of title to the purchaser or transferee at the time of delivery of the vehicle, except as provided in §§ 27-14-906 and 27-14-909.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-701. Requirements — Exception.
(a) It shall be a misdemeanor for any person to drive or move, or for an owner knowingly to permit to be driven or moved, upon any highway, any vehicle of a type required to be registered under this chapter which is not registered within the time period prescribed by law, or for which a certificate of title has not been issued or applied for within the time period prescribed by law, or for which the appropriate fee has not been paid when and as required under this chapter.
(b) When an application accompanied by the proper fee has been made for registration and certificate of title for a vehicle, the vehicle may be operated temporarily pending complete registration upon displaying a duplicate application, duly verified, or other evidence of the application or otherwise under rules promulgated by the Secretary of the Department of Finance and Administration.
(c) The purchaser of any new or used motor vehicle may operate the vehicle upon the public highways prior to making application for or obtaining registration thereof, if the person carries in the vehicle at all times a title to the vehicle which is assigned to the purchaser or a notarized bill of sale evidencing the transfer of the vehicle to the purchaser.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-701
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-14-701. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-903. Registration by transferee — Title retention notes.
(a)(1) The transferee of any new or used vehicle required by law to be registered shall apply for, or cause to be applied for, the registration thereof within thirty (30) days after the date of the release of lien by a prior lienholder, as provided in § 27-14-909, or thirty (30) days after the date of the transfer if no lien exists.
(2) No vehicle shall be operated upon a public street or highway for more than thirty (30) days after the release of lien by a prior lienholder, as provided in § 27-14-909, or thirty (30) days after the transfer date if no lien exists, unless a valid registration plate is properly attached thereto.
(b) A transferee shall at the same time present the certificate of title, endorsed and assigned as provided in § 27-14-902, to the Office of Motor Vehicle and make application for and obtain a new certificate of title for the vehicle, except as otherwise provided in §§ 27-14-904 and 27-14-907.
(c)(1)(A) It shall be unlawful for a dealer or other person who sells or finances the purchase of a vehicle subject to registration in this state to use a title retention note to secure his or her interest in the vehicle.
(B) As used in this section, a “title retention note” shall mean any instrument that grants the purchaser the right to possession and use of the vehicle, but withholds assignment of ownership on the existing certificate of title and its delivery to the purchaser, until full payment has been made by the purchaser, thereby thwarting the purchaser's ability to comply with subsection (b) of this section.
(2) It shall be a Class C misdemeanor for a motor vehicle dealer or other seller to fail to comply with the provisions of this subsection.
(d) This section is not inte
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-903
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-14-903. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-906. Dealer and lienholder applications for registration and title certificates.
(a) The Secretary of the Department of Finance and Administration may permit lienholders and motor vehicle dealers to make applications for registration and certificates of title and to furnish them to the Office of Motor Vehicle on behalf of the purchaser of a new or used motor vehicle.
(b) The secretary shall promulgate reasonable rules to be complied with by motor vehicle dealers and lienholders in making application for registration and certificates of title on behalf of purchasers of new or used motor vehicles and may, if the secretary deems necessary, require the dealer or lienholder to post bond to ensure faithful compliance with the rules.
(c)(1) Any motor vehicle dealer or lienholder who has been authorized by the secretary to prepare applications for registration and certificates of title with respect to new or used motor vehicles shall transmit the applications to the secretary and shall attach thereto a copy of any conditional sales contract, conditional lease, chattel mortgage, or other lien or encumbrance or title retention instrument upon the motor vehicle.
(2) Upon receipt of the documents under subdivision (c)(1) of this section, the secretary shall file a lien and encumbrance, as provided in § 27-14-801 et seq., which from the date of filing shall be notice of the lien or encumbrance.
(d) On issuing the registration and certificate of title, the secretary shall mail the registration to the owner and the title to the lienholder, or to the owner if no lien exists.
(e) If the failure of a motor vehicle dealer or other lienholder to comply with the provisions of § 27-14-802 or § 27-14-806 results in the motor vehicle dealer or lienholder holding an unperfecte
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-906
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-14-906. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-14-909. Release of lien by lienholder — Disclosure of information.
(a) For purposes of this section, a lien or encumbrance is satisfied when the lienholder receives final payment under § 4-4-215.
(b)(1) Upon the satisfaction of any lien or encumbrance on a vehicle for which the certificate of title is in the possession of the lienholder, the lienholder shall within ten (10) business days after receipt of final payment under § 4-4-215 execute a release of the lien or encumbrance in the space provided in the certificate of title, or as the Office of Motor Vehicle prescribes, and mail or deliver the certificate of title and the release of lien or encumbrance to the next lienholder named in the certificate of title or, if none, to the owner or to any person who delivers to the lienholder an authorization from the owner to receive the certificate of title.
(2) Upon the satisfaction of a lien or encumbrance on a vehicle for which the certificate of title is in the possession of a prior lienholder, the lienholder whose lien or encumbrance is paid in full shall within ten (10) business days after receipt of final payment under § 4-4-215 execute a release of lien or encumbrance in the form the office prescribes and deliver the release of lien or encumbrance to the owner or to any person who delivers to the lienholder an authorization from the owner to receive it.
(c) This section shall not be construed to apply to manufactured housing or mobile homes.
(d) A lienholder named in a certificate of title shall upon written request of the owner or of another lienholder named on the certificate of title disclose any pertinent information as to his or her security agreement and the indebtedness secured.
(e)(1) Any lienholder who fails to comply with subsection (b) of this
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-14-909
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-14-909. This identifies an authority to review, not proof of applicability.