32-8-64.1
Section 32-8-64.1 Satisfaction of security interest after 12 years. Except for liens
and security interests listed on certificates of title for manufactured homes, travel trailers,
or vehicles that weigh more than 12,000 pounds gross weight, which shall be satisfied only
in conformity with Section 32-8-64, any lien or security interest shall be considered
satisfied and release shall not be required after 12 years from the date of the security agreement
as recorded on the certificate of title. Nothing in this section shall preclude the
perfection of a lien or security agreement, or the perfection of an extension of a lien or
security agreement beyond a period of 12 years, by application for a new certificate of title
on which the lien or security agreement is listed. In order to provide for the continuous
perfection of a lien or security interest originally entered into for a period of more than
12 years for a vehicle other than a manufactured home, travel trailer, or vehicle that...

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32-8-64.2
Section 32-8-64.2 Release of certain liens. (a) Except for liens and security interests
listed on certificates of title for travel trailers or vehicles that weigh more than 12,000
pounds gross weight, which shall be satisfied only in conformity with Section 32-8-64,
any lien or security interest shall be considered satisfied and release shall not be required
after four years from the date of the security agreement as recorded on the certificate of
title for vehicles which are 12 or more model years old. Nothing in this section shall
preclude the perfection of a lien or security agreement, or the perfection of an extension
of a lien or security agreement beyond a period of four years, by application for a new certificate
of title on which the lien or security agreement is listed. In order to provide for the continuous
perfection of a lien or security interest originally entered into for a period of more than
four years for a vehicle other than a travel trailer or vehicle that weighs...
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32-8-61
Section 32-8-61 Perfection of security interests. (a) Unless excepted by this section,
a security interest in a vehicle for which a certificate of title is required by the terms
of this chapter is not valid against creditors of the owner or subsequent transferees or lienholders
of the vehicle unless perfected as provided in this article. (b) A security interest is perfected
by the delivery to the department of the existing certificate of title, if any, an application
for a certificate of title containing the name and address of the lienholder and the date
of his security agreement and the required fee. It is perfected as of the time of its creation
if the delivery is completed within 30 days thereafter, otherwise, as of the time of the delivery.
(Acts 1973, No. 765, p. 1147, §19; Acts 1977, No. 252, p. 329, §2; Acts 1981, No. 81-312,
p. 399, §7-11-109(2); Acts 1987, No. 87-412, p. 606; Act 2001-313, p. 405, §1.)...
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32-8-46
Section 32-8-46 Transfer of ownership - By operation of law. (a)(1) If the interest
of an owner in a vehicle passes to another other than by voluntary transfer, the transferee
shall, except as hereinafter provided in subsection (b), promptly mail or deliver to a designated
agent the last certificate of title, if available, and proof of the transfer, together with
his or her application for a new certificate in the form the department prescribes. (2) Except
as provided in subdivision (3), a person or entity initiating an involuntary transfer by operation
of law in this state shall give notice of the action to the department at least 35 calendar
days prior to the date of the transfer. The notice shall be in a manner as prescribed by the
department and shall include all of the following: a. The contact information for the person
or entity filing the notice. b. The motor vehicle's identification number, year, make, and
model. c. The date, time, and location of the involuntary transfer by...
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40-29-22
Section 40-29-22 Lien for taxes - Validity and priority against certain persons. (a)
Purchasers, holders of security interests, mechanic's lienors, and judgment lien creditors.
The lien imposed by Section 40-29-20 shall not be valid as against any purchaser, holder
of a security interest, mechanic's lienor, or judgment lien creditor until notice thereof
which meets the requirements of subsection (f) has been filed by the Commissioner of Revenue
or his delegate, and shall not be perfected as against any purchaser, holder of a security
interest, mechanic's lienor, or judgment lien creditor until the date such notice is filed.
(b) Protection for certain interest even though notice filed. Even though notice of a lien
imposed by Section 40-29-20 has been filed, such lien shall not be valid: (1) SECURITIES.
With respect to a security (as defined in subsection (g)(4)): a. As against a purchaser of
such security who at the time of purchase did not have actual notice or knowledge of the...

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32-8-45
Section 32-8-45 Transfer of ownership - To or from dealer; records. (a) If a dealer
buys a vehicle and holds it for resale and procures the certificate of title from the owner
or the lienholder within 15 days after delivery to him of the vehicle, he need not send the
certificate to the department but, upon transferring the vehicle to another person other than
by the creation of a security interest, shall promptly execute the assignment and warranty
of title by a dealer, showing the names and addresses of the transferee and of any lienholder
holding a security interest created or reserved at the time of the resale and the date of
his security agreement, in the spaces provided therefor on the certificate or as the department
prescribes, and mail or deliver the certificate to a designated agent with the transferee's
application for a new certificate. (b) Every dealer shall maintain for five years a record
in the form the department prescribes of every vehicle bought, sold or exchanged by...
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7-9-302
Section 7-9-302 When filing is required to perfect security interest; security interests
to which filing provisions of this article do not apply. THIS SECTION WAS REPEALED
IN THE 2001 REGULAR SESSION, BY ACT 2001-481, EFFECTIVE JAN. 1, 2002. (1) A financing statement
must be filed to perfect all security interests except the following: (a) A security interest
in collateral in possession of the secured party under Section 7-9-305; (b) A security
interest temporarily perfected in instruments, certificated securities, or documents without
delivery under Section 7-9-304 or in proceeds for a 20-day period under Section
7-9-306; (c) A security interest created by an assignment of a beneficial interest in a trust
or a decedent's estate; (d) A purchase money security interest in consumer goods; but filing
is required for a motor vehicle required to be registered; and fixture filing is required
for priority over conflicting interests in fixtures to the extent provided in Section
7-9-313; (e) An...
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32-8-87
Section 32-8-87 Dismantling, destroying, changing identity of vehicle; certificate requirements;
insurance claims; "total loss"; removal of identification numbers, plates, etc.;
transfer of salvage vehicles; inspections; "component parts"; rebuilt vehicles;
flood vehicles; online verifications. (a) Each owner of a motor vehicle and each person mentioned
as owner in the last certificate of title who scraps, dismantles, destroys, or changes the
motor vehicle in such a manner that it is not the same motor vehicle described in the certificate
of origin or certificate of title shall as soon as practicable cause the certificate of origin
or certificate of title, if any, and any other documents or information required by the department
to be mailed or delivered to the department for processing. The department shall, with the
consent of any holder of liens noted on the surrendered certificate, enter a cancellation
upon its records. Upon cancellation of a certificate of origin or certificate of...
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32-8-35
Section 32-8-35 Application for first certificate. (a) The application for the first
certificate of title of a vehicle in this state shall be made by the owner to a designated
agent, on the form the department prescribes, and shall contain all of the following: (1)
The current legal name, current residence, and current mailing address of the owner. (2) A
description of the vehicle including the following data: Year, make, model, vehicle identification
number, type of body, the number of cylinders, color, and whether new or used. (3) The date
of purchase by applicant, the name and address of the person from whom the vehicle was acquired,
and the names and addresses of any lienholders in the order of their priority and the dates
of their security agreements. (4) Other information that the department may require. (b) If
the application is for a vehicle purchased from a dealer, it shall contain the name and address
of any lienholder holding a security interest created or reserved at the...
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32-8-2
Section 32-8-2 Definitions. For the purpose of this chapter, the following terms shall
have the meanings respectively ascribed to them in this section, except where the context
clearly indicates a different meaning: (1) CURRENT ADDRESS. A new address different from the
address shown on the application or on the certificate of title. The owner, within 30 days
after the address is changed from that shown on the application or on the certificate of title,
shall notify the department of the change of address in the manner prescribed by the department.
(2) DEALER. A person licensed as an automobile or motor vehicle dealer, or travel trailer
dealer and engaged regularly in the business of buying, selling, or exchanging motor vehicles,
trailers, semitrailers, trucks, tractors or other character of commercial or industrial motor
vehicles, or travel trailers in this state, and having in this state an established place
of business. (3) DEPARTMENT. The Department of Revenue of this state. (4)...
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