Chapter 639

2006 -- S 2055

Enacted 07/14/06

A N A C T

RELATING TO MOTOR AND OTHER VEHICLES -- CERTIFICATES OF TITLE AND SECURITY INTERESTS

Introduced By: Senators Doyle, McBurney, and Tassoni

Date Introduced: January 12, 2006

It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 31-3.1 of the General Laws entitled "Certificates of Title and

Security Interests" is hereby amended by adding thereto the following section:

31-3.1-16.1. Electronic recording of security interests. – The registrar is authorized to

develop, establish and maintain an electronic data and communications system with banks, credit

or other financial institutions for the purpose of electronically recording the existence of security

interests under the provisions of this chapter. Where an electronic lien recording method is

employed, the registrar may waive the issuance and mailing of the certificate of title to the

lienholder.

     SECTION 2. This act shall take effect upon passage.

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LC00540

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