Bill Text: NY A06876 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to the design of vehicle certificates of title, which shall provide an instant record to be retained by the transferor, and which the transferor may file with the commissioner.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to transportation [A06876 Detail]

Download: New_York-2019-A06876-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6876
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     March 25, 2019
                                       ___________
        Introduced  by M. of A. PALUMBO -- read once and referred to the Commit-
          tee on Transportation
        AN ACT to amend the vehicle and traffic  law,  in  relation  to  instant
          records of vehicle certificates of title
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision (b) of section 2108 of the vehicle and  traffic
     2  law, as added by chapter 1134 of the laws of 1971, is amended to read as
     3  follows:
     4    (b)  The  certificate  of title shall contain forms for assignment and
     5  warranty of title by the owner, and for assignment and warranty of title
     6  by a dealer, and may contain forms for applications for a certificate of
     7  title by a transferee, the naming of a lienholder and the assignment  or
     8  release  of  the  security  interest of a lienholder.   The commissioner
     9  shall design the certificate of title to provide for an  instant  record
    10  of  such  an  assignment  and  warranty  of  title to be retained by the
    11  transferor. This record shall contain the signatures of  the  transferor
    12  and transferee and the date so signed.
    13    §  2.  Subdivision (a) of section 2113 of the vehicle and traffic law,
    14  as added by chapter 1134 of the laws of 1971,  is  amended  to  read  as
    15  follows:
    16    (a) If an owner transfers his interest in a vehicle, other than by the
    17  creation  of  a security interest, he shall, at the time of the delivery
    18  of the vehicle, execute an assignment  and  warranty  of  title  to  the
    19  transferee  in  the space provided therefor on the certificate or as the
    20  commissioner prescribes, and cause the certificate and assignment to  be
    21  mailed  or  delivered  to the transferee. The assignment and warranty of
    22  title required by this section shall include a statement signed  by  the
    23  transferor  stating  either,  (i)  any facts or information known to him
    24  that could reasonably affect the validity of the title of  the  vehicle;
    25  or,  (ii)  that  no  such  facts  or information are known to him.   The
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10820-01-9
        A. 6876                             2
     1  transferor may file the record of such assignment and warranty with  the
     2  commissioner. Upon such filing, the department shall, as soon as practi-
     3  cable, remove the name of the transferor as the owner of record from all
     4  relevant databases of the department.
     5    §  3.  This  act shall take effect on the ninetieth day after it shall
     6  have become a law.