Bill Summary for S 385 (2019-2020)

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Summary date: 

May 2 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 385 (Public) Filed Wednesday, March 27, 2019
Intro. by B. Jackson.

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Bill summary

Senate committee substitute to the 1st edition makes the following changes.

Modifies the proposed changes to GS 20-288(a) to remove the requirements for the Division of Motor Vehicles (DMV) to publish notice in the NC Register of any license renewal applications submitted by a manufacturer, factory branch, factory representative, distributor, distributor branch, distributor representative, or wholesaler. Makes conforming changes.

Eliminates proposed GS 20-58.4(b1), which made a secured party who fails or refuses to release a security interest or mail or deliver the certificate of title and release in compliance with the statute liable for all costs, damages, and expenses incurred by the titled owner or person satisfying the lien in any suit brought in North Carolina for cancellation of the security interest, as well as made the secured party liable to the DMV for a $500 civil penalty.

Makes conforming organizational changes.