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Massachusetts General Laws ch. 90D sec. 16 - Dealers; assignment and warranty of title; record of transactions

Massachusetts General Laws > Part I > Title XIV > Chapter 90D > § 16 - Dealers; assignment and warranty of title; record of transactions


Current as of: 2009
Chapter 90D: Section 16. Dealers; assignment and warranty of title; record of transactions

Section 16. (a) If a dealer buys a vehicle and holds it for resale and procures the certificate of title from the owner or the lienholder after delivery to him of the vehicle, he need not send the certificate to the registrar but, upon transferring the vehicle to another person other than by the creation of a security interest, shall promptly execute the assignment and warranty of title by a dealer, showing the names and addresses of the transferee and of any lienholder holding a security interest created or reserved at the time of the resale and the date of his security agreement, in the spaces provided therefor on the certificate or as the registrar prescribes, and mail or deliver the certificate to the registrar or transferee with the transferee’s application for a new certificate.

(b) Every dealer shall maintain for five years a record in such form as the registrar shall prescribe of every vehicle bought, sold or exchanged by him, or received by him for sale or exchange, which shall be open to inspection by the registrar, his agents or by any police officer during reasonable business hours.

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Massachusetts Laws: Motor Vehicle Laws

Massachusetts General Laws > Part I > Title XIV > Chapter 90D - Motor Vehicle Certificates Of Title
Massachusetts General Laws > Part I > Title XIV > Chapter 90F - Uniform Operation Of Commercial Motor Vehicles Act

U.S. Code Provisions: Motor Vehicle Laws

U.S. Code > Title 49 > Subtitle VI - Motor Vehicle And Driver Programs
U.S. Code > Title 15 > Chapter 38 - Traffic And Motor Vehicle Safety
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