VTL 2119 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2118 Perfection of security interests up ARTICLE 46 Uniform Vehicle Certificate of Title Act next SECTION 2120 Assignment by lienholder Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 2119 Security interest Vehicle & Traffic (VAT) CHAPTER 71, TITLE 10, ARTICLE 46 § 2119. Security interest. If an owner creates a security interest in a vehicle: (a) The owner shall, if the lienholder so requests, execute the application, in the space provided therefor on the certificate of title or on a separate form the commissioner prescribes, to name the lienholder on the certificate, showing the name and address of the lienholder, and cause the certificate, application and the required fee to be delivered to the lienholder. (b) The lienholder shall, immediately after the owner complies with subdivision (a), cause the certificate, application and the required fee to be mailed or delivered to the commissioner. (c) Upon receipt of the certificate of title, application and the required fee, the commissioner shall either endorse on the certificate, or issue a new certificate containing, the name and address of the new lienholder, and mail the certificate to the owner.