§ 41-1a-608. Release by lienholder to owner.

Latest version.

(1)	A person holding a lien or encumbrance as shown upon a certificate of title upon a vehicle or vessel may release the lien or encumbrance or assign his interest to the owner without affecting the registration of the vehicle or vessel.

(2)

The division shall issue a new certificate of title without a lien previously recorded upon receiving:

(a)

a certificate of title:

(i)	upon which a lienholder has released or assigned his interest to the owner; or

(ii)	not so endorsed but accompanied by a legal release from a lienholder of his interest in or to a vehicle, vessel, or outboard motor;

(b)	an application properly completed; and

(c)	the proper fee.

Renumbered and Amended by Chapter 1, 1992 General Session
Amended by Chapter 218, 1992 General Session

                    
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