Unfortunately, when those individuals disappear, buyers are stuck in a web of paperwork and technicalities while figuring out what to do. Title bonds up to $6,000 cost just $100 and are issued instantly. (a) A county assessor-collector who receives an application for a title shall issue a title receipt to the applicant containing the information concerning the motor vehicle required for issuance of a title under Section 501.021 or Subchapter I after: (1) the requirements of this chapter are met, including the payment of the fees required under Section 501.138; and. These penalties can range from fines to jail time. As an alternative to a written notice of transfer, the department shall establish procedures that permit the seller of a motor vehicle to electronically submit a notice of transfer to the department through the department's Internet website. (b) On application for a title under this section, the applicant must surrender any license plates issued for the motor vehicle if the plates are not being transferred to another vehicle and any registration insignia for validation of those plates to the department. Acts 2017, 85th Leg., R.S., Ch. 969 (S.B. TITLE FOR TRAILERS OR SEMITRAILERS. (2) evidence acceptable to the department that the insurance company has made payment of a claim involving the motor vehicle. ASSIGNMENT AND REASSIGNMENT OF IDENTIFICATION NUMBER BY DEPARTMENT. (b) A metal recycler shall submit to the department the properly assigned manufacturer's certificate of origin, regular certificate of title, nonrepairable vehicle title, salvage vehicle title, or comparable out-of-state ownership document that the person receives in conjunction with the purchase of a motor vehicle not later than the 60th day after the date the metal recycler receives the title or out-of-state ownership document. (a) In this section, "autocycle" means a motor vehicle, other than a tractor, that is: (1) designed to have when propelled not more than three wheels on the ground; (3) equipped with seating that does not require the operator to straddle or sit astride the seat; and.
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