Indiana Code 24-5-13.5-12. Manufacturer’s acceptance of return of buyback vehicle; duties
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Sec. 12. A manufacturer who accepts return of a motor vehicle that is considered a buyback vehicle under this chapter shall do the following:
(2) Not more than thirty-one (31) days after receipt of the certificate of title, apply to the bureau for a certificate of title in the name of the manufacturer and provide to the bureau a copy of the disclosure document required by section 10(b)(3) of this chapter.
(1) Before transferring ownership of the buyback vehicle, place the notation “Manufacturer Buyback ? Disclosure on File” on the original certificate of title.
Terms Used In Indiana Code 24-5-13.5-12
- bureau: refers to the bureau of motor vehicles created by IC 9-14-7-1. See Indiana Code 24-5-13.5-2
- buyback vehicle: means a motor vehicle that has been replaced or repurchased by a manufacturer or a nonresident manufacturer's agent or an authorized dealer, either under this chapter or IC 24-5-13 by judgment, decree, arbitration award, settlement agreement, or voluntary agreement in Indiana or another state, but does not include a motor vehicle that was repurchased pursuant to a guaranteed repurchase or satisfaction program advertised by the manufacturer and was not alleged or found to have a nonconformity as defined in IC 24-5-13-6. See Indiana Code 24-5-13.5-3
- manufacturer: has the meaning set forth in IC 24-5-13-4. See Indiana Code 24-5-13.5-6
- motor vehicle: has the meaning set forth in IC 24-5-13-5. See Indiana Code 24-5-13.5-7
As added by P.L.65-1992, SEC.3. Amended by P.L.118-1993, SEC.5; P.L.27-2018, SEC.23; P.L.211-2023, SEC.78.