(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.
(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 unperfected security interest in the motor vehicle, no action shall lie against the Department of Finance and Administration for any damages resulting from the failure to perfect a security interest.
(f) (1) The Office of Motor Vehicle may implement an electronic lien system, electronic titling system, and electronic registration system that enables the following transactions to be conducted through a completely electronic process:(A) A dealer or the service provider for a dealer applying for a motor vehicle certificate of title and registration on behalf of the dealer, the service provider of the dealer, or a customer of the dealer or the service provider of the dealer; and(B) A financial institution or the service provider for a financial institution applying for the electronic submission of a lien and a lien satisfaction.(2) (A) If the department contracts with a qualified vendor to implement the systems authorized under subdivision (f)(1) of this section, the contract may provide for a no-cost option to the state.(B) If a no-cost contract is issued under subdivision (f)(2)(A) of this section, the qualified vendor shall collect a per-transaction fee from the end-user of the system.(C) The per-transaction fee charged under subdivision (f)(2)(B) of this section shall not exceed the reasonable costs associated with the development, implementation, training, and ongoing management of the systems created under subdivision (f)(1) of this section.(3) A system created under subdivision (f)(1) of this section:(A) Shall:(1) Allow real-time connectivity to the National Motor Vehicle Title Information System, as appropriate; and(2) Meet or exceed applicable security requirements set by the Department of Shared Administrative Services; and(B) May incorporate proof of assessment of the personal property and payment of personal property taxes as set forth in § 27-14-1015 into the systems created under subdivision (f)(1) of this section.
(1) The Office of Motor Vehicle may implement an electronic lien system, electronic titling system, and electronic registration system that enables the following transactions to be conducted through a completely electronic process:(A) A dealer or the service provider for a dealer applying for a motor vehicle certificate of title and registration on behalf of the dealer, the service provider of the dealer, or a customer of the dealer or the service provider of the dealer; and(B) A financial institution or the service provider for a financial institution applying for the electronic submission of a lien and a lien satisfaction.
(A) A dealer or the service provider for a dealer applying for a motor vehicle certificate of title and registration on behalf of the dealer, the service provider of the dealer, or a customer of the dealer or the service provider of the dealer; and
(B) A financial institution or the service provider for a financial institution applying for the electronic submission of a lien and a lien satisfaction.
(2) (A) If the department contracts with a qualified vendor to implement the systems authorized under subdivision (f)(1) of this section, the contract may provide for a no-cost option to the state.(B) If a no-cost contract is issued under subdivision (f)(2)(A) of this section, the qualified vendor shall collect a per-transaction fee from the end-user of the system.(C) The per-transaction fee charged under subdivision (f)(2)(B) of this section shall not exceed the reasonable costs associated with the development, implementation, training, and ongoing management of the systems created under subdivision (f)(1) of this section.
(A) If the department contracts with a qualified vendor to implement the systems authorized under subdivision (f)(1) of this section, the contract may provide for a no-cost option to the state.
(B) If a no-cost contract is issued under subdivision (f)(2)(A) of this section, the qualified vendor shall collect a per-transaction fee from the end-user of the system.
(C) The per-transaction fee charged under subdivision (f)(2)(B) of this section shall not exceed the reasonable costs associated with the development, implementation, training, and ongoing management of the systems created under subdivision (f)(1) of this section.
(3) A system created under subdivision (f)(1) of this section:(A) Shall:(1) Allow real-time connectivity to the National Motor Vehicle Title Information System, as appropriate; and(2) Meet or exceed applicable security requirements set by the Department of Shared Administrative Services; and(B) May incorporate proof of assessment of the personal property and payment of personal property taxes as set forth in § 27-14-1015 into the systems created under subdivision (f)(1) of this section.
(A) Shall:(1) Allow real-time connectivity to the National Motor Vehicle Title Information System, as appropriate; and(2) Meet or exceed applicable security requirements set by the Department of Shared Administrative Services; and
(1) Allow real-time connectivity to the National Motor Vehicle Title Information System, as appropriate; and
(2) Meet or exceed applicable security requirements set by the Department of Shared Administrative Services; and
(B) May incorporate proof of assessment of the personal property and payment of personal property taxes as set forth in § 27-14-1015 into the systems created under subdivision (f)(1) of this section.