TO ALLOW THE DIVISION OF MOTOR VEHICLES TO ISSUE TRANSPORTER PLATES TO AN INDIVIDUAL OR BUSINESS THAT HAS A CONTRACT TO REPOSSESS VEHICLES FOR A FINANCIAL INSTITUTION THAT HOLDS A SECURITY INTEREST IN THE VEHICLES BEING REPOSSESSED.
House committee substitute makes the following changes to 1st edition. Amends GS 20-79.2(a)(7) to also allow a business or a dealer to use transporter plates to move a boat trailer being used to transport a newly manufactured boat between a manufacturer and a dealer. Makes a conforming change to the title to reflect the additional bill content.
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