Idaho Code 49-1609A – Satisfaction of Liens Prior to Resale of Vehicle
Current as of: 2023 | Check for updates
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(1) When a motor vehicle dealer licensed pursuant to this chapter takes possession of a vehicle for purposes of resale, the dealer shall have ten (10) business days from the date of possession to satisfy in full any and all lienholders who are perfected at the time of taking possession, unless the owner relinquishing possession of the vehicle agrees in writing to directly pay the perfected lienholder.
(2) No such vehicle shall be resold or transferred to any retail purchaser until all perfected liens have been satisfied in full.
Terms Used In Idaho Code 49-1609A
- person: includes a corporation as well as a natural person;
Idaho Code 73-114
(3) It shall be a misdemeanor punishable as provided in section 49-236, Idaho Code, for any person or licensee to violate the provisions of this section.