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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) When a motor vehicle dealer licensed pursuant to this chapter takes possession of a vehicle for purposes of resale, the dealer shall have ten (10) business days from the date of possession to satisfy in full any and all lienholders who are perfected at the time of taking possession, unless the owner relinquishing possession of the vehicle agrees in writing to directly pay the perfected lienholder.
(2) No such vehicle shall be resold or transferred to any retail purchaser until all perfected liens have been satisfied in full.
(3) It shall be a misdemeanor punishable as provided in section 49-236, Idaho Code, for any person or licensee to violate the provisions of this section.
Cite this article: FindLaw.com - Idaho Statutes Title 49. Motor Vehicles § 49-1609A. Satisfaction of liens prior to resale of vehicle - last updated January 01, 2024 | https://codes.findlaw.com/id/title-49-motor-vehicles/id-st-sect-49-1609a/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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