625 ILCS 5/3-112
2021 Illinois Compiled Statutes|Chapter 625 - VEHICLES|625 ILCS 5/ - Illinois Vehicle Code.|Chapter 3 - Certificates Of Title And Registration Of Vehicles

 (from Ch. 95 1/2, par. 3-112)Sec. 3-112.     Transfer.(a) If an owner transfers his interest in a vehicle, other than by the  creation of a security interest, at the time of the delivery of the vehicle he  shall execute to the transferee an assignment and warranty of title in the  space provided on the certificate of title, or as the Secretary of State  prescribes, and cause the certificate and assignment to be mailed or  delivered to the transferee or to the Secretary of State.If the vehicle is subject to a tax under the Mobile Home Local Services  Tax Act in a county with a population of less than 3,000,000, the owner  shall also provide to the transferee a certification by the treasurer of  the county in which the vehicle is situated that all taxes imposed upon the  vehicle for the years the owner was the actual titleholder of the vehicle have  been paid.  The transferee shall be liable only for the taxes he or she  incurred while he or she was the actual titleholder of the mobile home.  The  county treasurer shall refund any amount of taxes paid by the transferee that  were imposed in years when the transferee was not the actual titleholder.  The  provisions of this amendatory Act of 1997 (P.A. 90-542) apply retroactively  to January 1, 1996.  In no event may the county treasurer refund amounts paid  by the transferee during any year except the 10 years immediately preceding the  year in which the refund is made.  If the owner is a licensed dealer who has  purchased the vehicle and is holding it for resale, in lieu of acquiring a  certification from the county treasurer he shall forward the certification  received from the previous owner to the next buyer of the vehicle.  The owner  shall cause the certification to be mailed or delivered to the Secretary of  State with the certificate of title and assignment.(b) Except as provided in Section 3-113, the transferee shall, promptly  and within 20 days after delivery to him of the vehicle and the  assigned title, execute the application for a new certificate of title in  the space provided therefor on the certificate or as the Secretary of State  prescribes, and cause the certificate and application to be mailed or  delivered to the Secretary of State.(c) Upon request of the owner or transferee, a lienholder in possession  of the certificate of title shall, unless the transfer was a breach of his  security agreement, either deliver the certificate to the transferee for  delivery to the Secretary of State or, upon receipt from the transferee of  the owner's assignment, the transferee's application for a new certificate  and the required fee, mail or deliver them to the Secretary of State. The  delivery of the certificate does not affect the rights of the lienholder  under his security agreement.(d) If a security interest is reserved or created at the time of the  transfer, the certificate of title shall be retained by or delivered to the  person who becomes the lienholder, and the parties shall comply with the  provisions of Section 3-203.(e) Except as provided in Section 3-113 and as between the parties, a  transfer by an owner is not effective until the provisions of this Section  and Section 3-115 have been complied with; however, an owner who has  delivered possession of the vehicle to the transferee and has complied with  the provisions of this Section and Section 3-115 requiring action by him as  not liable as owner for any damages thereafter resulting from operation of  the vehicle.(f) The Secretary of State shall not process any application for a  transfer of an interest in a vehicle if any fees or taxes due under this  Act from the transferor or the transferee have not been paid upon  reasonable notice and demand.(g) If the Secretary of State receives an application for transfer of  a vehicle subject to a tax under the Mobile Home Local Services  Tax Act in  a county with a population of less than 3,000,000, such application must  be accompanied by the required certification by the county treasurer  or tax assessor authorizing the issuance of the title.    (Source: P.A. 92-651, eff. 7-11-02.)