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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB0351 Introduced , by Rep. Tom Demmer SYNOPSIS AS INTRODUCED: |
| 625 ILCS 5/3-113 | from Ch. 95 1/2, par. 3-113 |
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Amends the Illinois Vehicle Code. Provides that before imposing a delinquent vehicle dealer transfer fee, the Secretary of State must confirm that the vehicle dealer has been notified by certified mail that he or she will be subject to a delinquent vehicle dealer transfer fee if the certificate of title is not received by the Secretary within a given time period.
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| | A BILL FOR |
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| | HB0351 | | LRB099 05814 RJF 25858 b |
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1 | | AN ACT concerning transportation.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Vehicle Code is amended by changing |
5 | | Section 3-113 as follows: |
6 | | (625 ILCS 5/3-113) (from Ch. 95 1/2, par. 3-113) |
7 | | Sec. 3-113. Transfer to or from dealer; records.
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8 | | (a) After a dealer buys a vehicle and holds it for resale, |
9 | | the
dealer must procure the
certificate of title from the owner |
10 | | or the lienholder. The dealer may hold
the certificate until he |
11 | | or she transfers the vehicle to another person.
Upon |
12 | | transferring the vehicle to another person,
the dealer shall |
13 | | promptly and within 20
days
execute the assignment and warranty |
14 | | of title by a dealer, showing the names and
addresses of the |
15 | | transferee and of any lienholder holding a security interest
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16 | | created or reserved at the time of the resale, in the spaces |
17 | | provided therefor
on the certificate or as the Secretary of |
18 | | State prescribes, and mail or deliver
the certificate to the |
19 | | Secretary of State with the transferee's application for
a new |
20 | | certificate, except as provided in Section 3-117.2.
A dealer |
21 | | has complied with this Section if the date of the mailing of |
22 | | the certificate, as indicated by the postmark, is within 20 |
23 | | days of the date on which the vehicle was transferred to |