Bill Summary for H 693 (2011-2012)

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Bill: TRANSPORTER PLATES/REPOSSESSIONS.

Summary date: 

Apr 6 2011

Bill Information:

View NCGA Bill Details(link is external)2011-2012 Session
House Bill 693 (Public) Filed Wednesday, April 6, 2011
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.
Intro. by McLawhorn.

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Bill summary

Amends GS 20-79.2 as title indicates. Further provides that a transporter plate shall only be used to transport vehicles from the place of repossession to a location designated by record lienholders.