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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB0217
Introduced 1/19/2007, by Rep. Jim Sacia SYNOPSIS AS INTRODUCED:
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625 ILCS 5/3-113 |
from Ch. 95 1/2, par. 3-113 |
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Amends the Illinois Vehicle Code. Provides that a vehicle dealer has complied with the provision requiring the dealer to deliver to the Secretary of State, within 20 days after transferring a vehicle to another person, the certificate of title to that vehicle, if the dealer mails the title certificate to the Secretary within the 20 days, according to the postmark.
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A BILL FOR
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HB0217 |
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LRB095 04358 DRH 24401 b |
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| AN ACT concerning transportation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Vehicle Code is amended by changing |
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| Section 3-113 as follows:
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| (625 ILCS 5/3-113) (from Ch. 95 1/2, par. 3-113) |
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| Sec. 3-113. Transfer to or from dealer; records.
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| (a) After a dealer buys a vehicle and holds it for resale, |
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dealer must procure the
certificate of title from the owner |
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| or the lienholder. The dealer may hold
the certificate until he |
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| or she transfers the vehicle to another person.
Upon |
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| transferring the vehicle to another person,
the dealer shall |
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| promptly and within 20
days
execute the assignment and warranty |
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| of title by a dealer, showing the names and
addresses of the |
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| transferee and of any lienholder holding a security interest
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| created or reserved at the time of the resale, in the spaces |
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| provided therefor
on the certificate or as the Secretary of |
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| State prescribes, and mail or deliver
the certificate to the |
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| Secretary of State with the transferee's application for
a new |
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| certificate, except as provided in Section 3-117.2.
A dealer |
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| has complied with this Section if the date of the mailing of |
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| the certificate, as indicated by the postmark, is within 20 |
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| days of the date on which the vehicle was transferred to |