Connecticut General Statutes 14-187 – Assignment of security interest
(a) A lienholder may assign, absolutely or otherwise, his security interest in the vehicle to a person other than the owner without affecting the interest of the owner or the validity of the security interest, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the security interest and the lienholder remains liable for any obligations as lienholder until the assignee is named as lienholder on the certificate.
Terms Used In Connecticut General Statutes 14-187
- Commissioner: means the Commissioner of Motor Vehicles. See Connecticut General Statutes 14-165
- Electronic title file: means the file maintained by the commissioner in an electronic media format for the purpose of recording and storage of the evidence of a lienholder's security interest in a vehicle. See Connecticut General Statutes 14-165
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lienholder: means a person holding a security interest in a vehicle. See Connecticut General Statutes 14-165
- Owner: means a person, other than a lienholder, having the property in or title to a vehicle. See Connecticut General Statutes 14-165
- Security interest: means a "security interest" as defined in subdivision (35) of subsection (b) of section 42a-1-201. See Connecticut General Statutes 14-165
- Vehicle: means a motor vehicle as defined by section 14-1. See Connecticut General Statutes 14-165
(b) The assignee may, but need not to perfect the assignment, have the certificate of title endorsed or issued with the assignee named as lienholder, upon delivering to the commissioner the certificate and an assignment by the lienholder of record in the form the commissioner prescribes. If the security interest of the lienholder is maintained in the electronic title file pursuant to subsection (b) of section 14-175, the lienholder may submit evidence of the assignment of the security interest, in such form and manner as the commissioner directs, and may request the commissioner to issue a certificate of title with the assignee named as lienholder.