Section 32-20-44 – Satisfaction.
Section 32-20-44 Satisfaction. (a) Upon the satisfaction of a security interest in a manufactured home for which the certificate of title is in the possession of the lienholder, he or she, within 10 days after demand, shall execute a release of his or her security interest, in the space provided therefor on the certificate or […]
Section 32-20-45 – Disclosure of Information.
Section 32-20-45 Disclosure of information. A lienholder named in a certificate of title upon written request of the owner or of another lienholder named on the certificate, shall disclose any pertinent information as to his or her security agreement and the indebtedness secured by it. (Act 2009-746, p. 2236, §4.)
Section 32-20-46 – Construction With Other Laws.
Section 32-20-46 Construction with other laws. (a) The method provided in this article of perfecting and giving notice of security interest in manufactured homes required to be titled under the terms of this chapter or titled under the terms hereof, shall be exclusive. (b) Security interests in manufactured homes required to be titled or which […]
Section 32-20-47 – Electronic Transmissions.
Section 32-20-47 Electronic transmissions. Notwithstanding any requirement in this chapter that a lien on a manufactured home shall be noted on the face of the certificate of title, if there are one or more liens or encumbrances on the manufactured home, the department may electronically transmit the lien to the first lienholder and notify the […]
Section 32-20-48 – Filing of Notice; Maintenance of Records.
Section 32-20-48 Filing of notice; maintenance of records. (a) The department shall file each notice of security interest received by the department with the required fee and maintain a record of all notices of security interests filed by the department as follows: (1) Alphabetically, under the name of the owner. (2) Under the manufactured home […]
Section 32-20-40 – Applicability of Chapter.
Section 32-20-40 Applicability of chapter. This chapter does not apply to or affect any of the following: (1) A lien given by statute or rule of law to a supplier of services or materials for the manufactured home. (2) A lien given by statute to the United States, this state, or any political subdivision of […]
Section 32-20-41 – Perfection of Security Interest.
Section 32-20-41 Perfection of security interest. (a) Unless excepted by this section, a security interest in a manufactured home for which a certificate of title is required by the terms of this chapter is not valid against creditors of the owner or subsequent transferees or lienholders of the manufactured home unless perfected as provided in […]
Section 32-20-42 – Requirements Upon Creation of Security Interest.
Section 32-20-42 Requirements upon creation of security interest. If an owner creates a security interest in a manufactured home: (1) The owner shall immediately execute the application in the space provided therefor on the certificate of title, or on a separate form the department prescribes to name the lienholder on the certificate showing the name […]
Section 32-20-43 – Assignment.
Section 32-20-43 Assignment. (a) A lienholder may assign, absolutely or otherwise, his or her security interest in the manufactured home to a person other than the owner without affecting the interest of the owner or the validity of such security interest, but any person without notice of the assignment is protected in dealing with the […]