There is a newer version
of
this Section
2018 Idaho Statutes
Title 49 - MOTOR VEHICLES
Chapter 16 - DEALERS AND SALESMEN LICENSING
Section 49-1609A - SATISFACTION OF LIENS PRIOR TO RESALE OF VEHICLE.
Universal Citation: ID Code § 49-1609A (2018)
49-1609A. SATISFACTION OF LIENS PRIOR TO RESALE OF VEHICLE. (1) When a motor vehicle dealer licensed pursuant to this chapter takes possession of a vehicle for purposes of resale, the dealer shall have ten (10) business days from the date of possession to satisfy in full any and all lienholders who are perfected at the time of taking possession, unless the owner relinquishing possession of the vehicle agrees in writing to directly pay the perfected lienholder.
(2) No such vehicle shall be resold or transferred to any retail purchaser until all perfected liens have been satisfied in full.
(3) It shall be a misdemeanor punishable as provided in section 49-236, Idaho Code, for any person or licensee to violate the provisions of this section.
History:
[49-1609A, added 2001, ch. 190, sec. 1, p. 653.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
