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2009 SESSION

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SB 1415 Repossessed vehicles; person purchasing in another state may sell in State without obtaining title.

Introduced by: Harry B. Blevins | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Sale in Virginia of vehicles repossessed in another state.  Provides that any motor vehicle dealer who purchases a vehicle titled in another state and was repossessed may sell that vehicle in Virginia without obtaining a Virginia title for the vehicle from Virginia or the state in which the vehicle is titled, provided the motor vehicle dealer has an affidavit of repossession or similar document showing the lawful repossession.  This bill is identical to HB 1722.

SUMMARY AS INTRODUCED:

Sale in Virginia of vehicles repossessed in another state.  Provides that a person who purchases in another state a vehicle repossessed in that state, may sell that vehicle in Virginia without obtaining a Virginia title, provided the person who purchased the vehicle in another state has in his possession an affidavit of repossession or similar document, approved by the state in which the vehicle was purchased, attesting to the lawful repossession.