| Washington State House of Representatives |
BILL ANALYSIS |
| Transportation Committee | |
SSB 5250
This analysis was prepared by non-partisan legislative staff for the use of legislative members in
their deliberations. This analysis is not a part of the legislation nor does it constitute a
statement of legislative intent.
Brief Description: Regarding the transfer of motor vehicle ownership.
Sponsors: Senate Committee on Transportation (originally sponsored by Senators Swecker, Haugen, Kilmer, Kline, Rockefeller and Shin).
Brief Summary of Substitute Bill |
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Hearing Date: 3/29/07
Staff: Teresa Berntsen (786-7301).
Background:
When selling a vehicle that has a lien from a financial institution, the lien must be removed and
the certificate of ownership reissued by the Department of Licensing (DOL) before the registered
owner can release his or her interest.
Summary of Bill:
When selling a vehicle that has a lien, the financial institution's and the registered owner's
interest may be released at the same time. The DOL is required to provide instructions on the
release of interest forms regarding the appropriate process.
Appropriation: None.
Fiscal Note: Available.
Effective Date: The bill takes effect 90 days after adjournment of session in which bill is passed.