Vehicles: off-road; electronic transfer of title or interest in off-road vehicle or watercraft; provide for. Amends secs. 80304 & 81105 of 1994 PA 451 (MCL 324.80304 & 324.81105).
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill allows for the electronic transfer of ownership for both watercraft and off-road vehicles (ORVs). It enables the Department of State to create and operate an electronic system for these transfers, specifically for private parties who aren’t dealers. The system must protect confidential information and comply with existing regulations.
Key provisions
- Establishes an electronic system for transferring watercraft ownership between private parties.
- Establishes an electronic system for transferring ORV ownership between private parties.
- Requires electronic systems to protect proprietary information.
- Allows for the assignment of title on a certificate of title.
- Specifies that a purchaser must obtain a certificate of title.
- Addresses situations where a title is subject to a security interest.
- Defines requirements for private parties using the electronic system.
Who is affected
- Boat Owners
- Off-Road Vehicle Owners
- Department of State
- Dealers (specifically excluded from the electronic system)
- Private Parties
Notable changes
- Introduces the possibility of electronic transfer of ownership for watercraft and ORVs.
- Creates a specific process for private parties to transfer ownership electronically.
Bill text
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Document of record
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- Senate Introduced Bill
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