PERMANENT RULES
Purpose: To remove language from the rule that was not needed.
Citation of Existing Rules Affected by this Order: Amending WAC 308-56A-075 Multiple legal owners.
Statutory Authority for Adoption: RCW 46.01.110.
Adopted under notice filed as WSR 04-09-033 on April 13, 2004.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 1, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.
Date Adopted: June 22, 2004.
Fred Stephens
Director
OTS-7088.1
AMENDATORY SECTION(Amending WSR 03-10-097, filed 5/7/03,
effective 6/7/03)
WAC 308-56A-075
Multiple legal owners.
(1) Can more
than one legal owner show as security interest on the
certificate of ownership? Yes, however, this is subject to
the limited amount of space available in the department's
computer system for legal owner's name information.
(2) How are additional legal owner's interest shown on the certificate of ownership? Additional legal owners are shown directly after the first legal owner. Only the address of the first legal owner will be shown on the certificate of ownership.
(3) If the security interest has been satisfied with one
of the legal owners shown on a certificate of ownership ((has
been satisfied)), how is their interest released? When the
security interest of one of the legal owners shown on a
certificate of ownership has been satisfied that interest must
be released on the certificate of ownership or a department
approved release of interest form. The remaining legal
owner(s) must, within ten days of receiving the properly
released certificate of ownership, apply for reissuance of the
certificate of ownership showing the remaining legal owner's
name and address.
[Statutory Authority: RCW 46.01.110. 03-10-097, § 308-56A-075, filed 5/7/03, effective 6/7/03; 99-08-064, § 308-56A-075, filed 4/5/99, effective 5/6/99. Statutory Authority: RCW 46.01.110 and 46.12.030. 97-03-076, § 308-56A-075, filed 1/15/97, effective 2/15/97; Order MV 208, § 308-56A-075, filed 7/31/74.]