§ 3822. Certain liens and security interests not affected This chapter does not apply to or affect: (1) a lien given by statute or rule of law to a supplier of services or materials for the vessel, snowmobile, or all-terrain vehicle; (2) a lien given by statute to the United States, this State, or any […]
§ 3823. Perfecting security interest (a) Unless excepted by section 3822 of this title, a security interest in a vessel, snowmobile, or all-terrain vehicle of a type for which a certificate of title is required is not valid against creditors of the owner or subsequent transferees or lienholders of the vessel, snowmobile, or all-terrain vehicle […]
§ 3824. Duties on creation of security interest If an owner creates a security interest in a vessel, snowmobile, or all-terrain vehicle: (1) The owner shall immediately execute the application, in the space provided on the certificate of title or on a separate form the Commissioner prescribes, to name the lienholder on the certificate, showing […]
§ 3825. Assignment of security interest (a) A lienholder may assign, absolutely or otherwise, his or her security interest in the vessel, snowmobile, or all-terrain vehicle to a person other than the owner without affecting the interest of the owner or the validity of the security interest, but any person without notice of the assignment […]
§ 3826. Release of security interest (a) Upon the satisfaction of a security interest in a vessel, snowmobile, or all-terrain vehicle for which the certificate of title is in the possession of the lienholder, he or she shall, within 10 days after demand and, in any event, within 30 days, execute a release of his […]
§ 3827. Lienholder to furnish information A lienholder named in a certificate of title shall, upon written request of the owner or of another lienholder named on the certificate, disclose any pertinent information as to his or her security agreement and the indebtedness secured by it. (Added 1987, No. 152 (Adj. Sess.), § 1.)
§ 3828. Method of perfecting security interest exclusive The method provided in this chapter of perfecting and giving notice of security interests subject to this chapter is exclusive. Security interests subject to this chapter are exempted from the provisions of law that otherwise require or relate to the filing of instruments creating or evidencing security […]
§ 3829. Altering, forging, or counterfeiting certificates (a) No person shall with fraudulent intent: (1) alter, forge, or counterfeit a certificate of title; (2) alter or forge an assignment of a certificate of title, or an assignment or release of a security interest, on a certificate of title or a form the Commissioner prescribes; (3) […]
§ 3830. Other offenses (a) No person shall: (1) with fraudulent intent, permit another, not otherwise entitled, to use or have possession of a certificate of title; (2) willfully fail to mail or deliver a certificate of title or application to the Commissioner within 10 days after the time required by this chapter; (3) willfully […]
§ 3831. Report of theft; recovery of unclaimed vessel, snowmobile, or all-terrain vehicle (a) An enforcement officer, sheriff, or constable who learns of the theft of a vessel, snowmobile, or all-terrain vehicle not since recovered, or of the recovery of a vessel, snowmobile, or all-terrain vehicle whose theft or conversion he or she knows or […]
§ 3832. False report A person who knowingly makes a false report of the theft or conversion of a vessel, snowmobile, or all-terrain vehicle to an enforcement officer or to the Commissioner shall be fined not more than $500.00 or imprisoned for not more than six months, or both. (Added 1987, No. 152 (Adj. Sess.), […]
§ 3833. Dismantling or destruction of vessels, snowmobiles, or all-terrain vehicles (a) Except for vessels, snowmobiles, or all-terrain vehicles for which no certificate of title is required pursuant to section 3807 of this title, any person who purchases or in any manner acquires a vessel, snowmobile, or all-terrain vehicle as salvage who scraps, dismantles, or […]
§ 3834. Issuance of salvage title The Commissioner shall file and maintain in the manner provided in section 3010 of this title each application received and when satisfied as to its genuineness and regularity and that the applicant is entitled to the issuance of a salvage certificate of title, shall issue a salvage certificate of […]
§ 3835. Salvaged, totaled, and rebuilt vessels, snowmobiles, or all-terrain vehicles (a) If a vessel, snowmobile, or all-terrain vehicle upon which a salvage certificate of title, a parts-only certificate, or other document indicating the vessel, snowmobile, or all-terrain vehicle is not sold for reregistration purposes has been or should have been issued by the Commissioner […]
§ 3836. Records; inspection (a) Each person who purchases or in any manner acquires a vessel, snowmobile, or all-terrain vehicle as salvage shall keep and maintain for a period of not less than five years such records as may be prescribed by the Commissioner that are reasonably necessary to substantiate the information contained in the […]
§ 3837. Penalty (a) A person who violates any provision of section 3836 of this chapter shall be fined not more than $500.00 or imprisoned for not more than six months, or both. (b) A person who violates section 3833 or 3835 of this chapter shall be fined not more than $1,000.00 or imprisoned for […]
