342.15 Transfer of interest in a vehicle. (1) (a) If an owner transfers an interest in a vehicle, other than by the creation of a security interest, the owner shall comply with the requirements of s. 342.155 and, at the time of the delivery of the vehicle, execute an assignment and warranty of title to […]
342.155 Mileage disclosure requirements of transferors and transferees. (1) (a) Unless exempted by rule of the department, no transferor may transfer ownership of a motor vehicle without disclosing the vehicle’s mileage in writing to the transferee by specifying the odometer reading. The disclosure shall state either that the reading is known to be actual mileage, […]
342.156 Transfers of leased motor vehicles. (1) Prior to transferring ownership of any leased motor vehicle, the lessor shall notify in writing the lessee of the vehicle that the lessee is required to provide the lessor with a written disclosure specifying the leased vehicle’s mileage. The written notification shall include the mileage disclosure requirements applicable […]
342.157 Motor vehicle salvage pools and auction companies to maintain records. For each motor vehicle sold by a motor vehicle salvage pool or auction company, the motor vehicle salvage pool or auction company shall establish and maintain a record of each sale, including the mileage disclosure of the transferor under s. 342.155. The department shall […]
342.16 Transfer to or from dealer. (1) (a) Except as provided in par. (c), if a dealer acquires a new or used vehicle that is not a salvage vehicle and holds it for resale, or acquires a salvage vehicle that is currently titled as a salvage vehicle and holds it for resale or accepts a […]
342.17 Involuntary transfers. (1) If the interest of an owner in a vehicle passes to another other than by voluntary transfer, the transferee shall, except as provided in sub. (2), promptly mail or deliver to the department the last certificate of title, if available, and the documents required by the department to legally effect such […]
342.18 When department to issue a new certificate. (1) The department, upon receipt of a properly assigned certificate of title, with an application for a new certificate of title, the required fee and any other transfer documents required by law, to support the transfer, shall issue a new certificate of title in the name of […]
342.19 Perfection of security interests. (1) Unless excepted by s. 342.02, a security interest in a vehicle of a type for which a certificate of title is required is not valid against creditors of the owner or subsequent transferees or secured parties of the vehicle unless perfected as provided in this chapter. (2) (a) Except […]
342.195 Notification of person who has perfected security interest. Upon request of a person who has perfected a security interest under s. 342.19, as shown by the records of the department, in a vehicle titled in this state, whenever the department receives information from another state that the vehicle is being titled in the other […]
342.20 Duties on creation of security interest. If an owner creates a security interest in a vehicle, unless the name and address of the secured party already is contained on the certificate of title for the vehicle: (1) The owner shall immediately execute, in the space provided therefor on the certificate of title or on […]
342.21 Assignment of security interest. (1) Except as otherwise provided in s. 409.308 (5), a secured party may assign, absolutely or otherwise, the party’s security interest in the 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 […]
342.22 Release of security interest. (1) Within one month or within 10 days following written demand by the debtor after there is no outstanding obligation and no commitment to make advances, incur obligations or otherwise give value, secured by the security interest in a vehicle under any security agreement between the owner and the secured […]
342.23 Secured party’s and owner’s duties. (1) A secured party named in a certificate of title shall, upon written request of the owner or of another secured party named on the certificate, disclose any pertinent information as to the party’s security agreement and the indebtedness secured by it. (2) An owner or person in possession […]
342.24 Method of perfecting exclusive. Subject to s. 409.311 (4), 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 hereby exempted from the provisions of law which otherwise require or relate to the filing of instruments creating […]
342.245 Electronic processing of certain applications. (1) Except as provided in sub. (3), a secured party shall file a security interest statement and pay the fee under s. 342.19 (2) (a) 2. and deliver a release of a security interest under s. 342.22 (1) (b) utilizing an electronic process prescribed by the department under sub. […]
342.25 Suspension or revocation of certificate. (1) The department shall suspend or revoke a certificate of title if it finds any of the following: (a) The certificate of title was fraudulently procured, erroneously issued or prohibited by law. (b) The vehicle has been scrapped, dismantled or destroyed. (c) A transfer of title is set aside […]
342.255 Cancellation of title or registration. The department shall cancel a title or registration whenever: (1) A transfer of title is set aside by the court by order or judgment; or (2) Fraud on the department or an agent of the department is discovered by the department; or (3) It is subsequently discovered that the […]
342.26 Hearings and appeal. Any person aggrieved by an act or omission of the department under this chapter is entitled, upon request, to a hearing and judicial review thereof in accordance with ch. 227. Contested cases shall be heard and decided by the division of hearings and appeals. History: 1977 c. 29 ss. 1454, 1654 […]
