32-6B-20.4 — Time period to satisfy lien after receipt of funds--Offering vehicle for sale prior totender to lienholder.

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     32-6B-20.4.   Time period to satisfy lien after receipt of funds--Offering vehicle for sale prior to tender to lienholder. If a dealer enters into an agreement pursuant to § 32-6B-20.3, the dealer shall satisfy the lien within ten business days after the receipt of funds. No dealer may offer the vehicle for sale until payment has been tendered to the lienholder, except on a consigned vehicle, whereby the dealer shall comply with the terms of the consignment agreement.

Source: SL 2005, ch 159, § 5.