reglab/housing_qa huggingface dataset:
29-A ME Rev Stat § 651-B (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §651-B. Certificate of title permissible

 §651-B. Certificate of title permissible A semitrailer, regardless of model year, with an unladen weight in excess of 3,000 pounds that is used for interstate or intrastate transportation may be titled in this State even if the semitrailer is registered in another jurisdiction.   [PL 2001, c. 671, §11 (AMD).]SECTION HISTORY PL 2001, c. 361, §20 (NEW). PL 2001, c. 671, §11 (AMD).
29-A ME Rev Stat § 653 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §653. Certificate of origin

 §653. Certificate of origin 1.  Execution upon delivery.  When a new vehicle is delivered by a manufacturer or importer to an agent or a franchised dealer, the manufacturer or the importer shall execute and deliver a certificate of origin.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  Certificate of origin required.  A person may not bring into this State a new vehicle, unless that person possesses the certificate of origin. The certificate of origin must be a secure document.   [PL 1995, c. 482, Pt. A, §10 (AMD).] 3.  Information contained in certificate.  The certificate of origin must contain:   A. The manufacturer's vehicle identification number;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]B. The name of the manufacturer;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]C. The number of cylinders;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]D. A general description of the body;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]E. The model year designation; and   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]F. The type of model.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).][PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 4.  Sale.  When a new vehicle is sold, the seller shall execute and deliver to the purchaser an assignment of the certificate of origin with the names and the business or residence addresses of both. The seller shall certify that the assignment was executed with full knowledge of the contents by and with the consent of both purchaser and seller.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 5.  Penalty.  Violation of this section is a Class E crime.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1995, c. 482, §A10 (AMD).
29-A ME Rev Stat § 656 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §656. Secretary of State to check identification number

 §656. Secretary of State to check identification number Upon receiving an application for a certificate of title or certificate of salvage, the Secretary of State shall check the identification number in the application against the records of certificates issued and of stolen or converted vehicles.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF).
29-A ME Rev Stat § 659 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §659. Withholding of certificate of title or certificate of salvage; bond required

 §659. Withholding of certificate of title or certificate of salvage; bond required 1.  Action by Secretary of State.  If the Secretary of State is not satisfied as to ownership of the vehicle or the absence of security interests, the Secretary of State may register the vehicle but must either:   A. Withhold a certificate of title or certificate of salvage until the applicant presents documents to satisfy the Secretary of State as to ownership and the absence of undisclosed security interests; or   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]B. Require the applicant to file a bond executed by the applicant that is:   (1) Executed by a person authorized to conduct a surety business in this State;   (2) In an amount equal to 1 1/2 times the value of the vehicle as determined by the Secretary of State; and   (3) Conditioned to indemnify a prior or subsequent owner or lienholder against any expense, loss or damage, including reasonable attorney's fees, by reason of the issuance of the certificate or on account of any defect in or undisclosed security interest in the interest of the applicant to the vehicle.   [PL 2005, c. 573, §4 (AMD).][PL 2005, c. 573, §4 (AMD).] 2.  Recovery of bond for breach.  An interested person may recover on a bond required under this section for a breach of its conditions, but the aggregate liability of the surety to all persons may not exceed the amount of the bond.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 3.  Return of bond or deposit.  Unless the Secretary of State has been notified of the pendency of an action to recover against the bond, a bond or deposit required under this section must be returned at the end of 3 years or earlier, if the vehicle is no longer registered in this State and the current certificate of title or salvage is surrendered to the Secretary of State.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 4.  Violation.  Violation of this section is a traffic infraction for which a fine of not less than $100 and not more than $500 may be adjudged.   [PL 2005, c. 433, §10 (NEW); PL 2005, c. 433, §28 (AFF).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 2005, c. 433, §10 (AMD). PL 2005, c. 433, §28 (AFF). PL 2005, c. 573, §4 (AMD).
29-A ME Rev Stat § 660 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §660. Refusal of certificate of title or salvage

 §660. Refusal of certificate of title or salvage The Secretary of State shall refuse to issue a certificate of title or salvage or may withdraw a certificate of title or salvage if the required fee is not paid or if the Secretary of State has reason to believe that:   [PL 1995, c. 482, Pt. A, §13 (AMD).]1.  Applicant not owner.  The applicant is not the owner of the vehicle;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  False statement.  The application contains a false or fraudulent statement; or   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 3.  Insufficient information.  The application fails to furnish required information or documents or additional information the Secretary of State reasonably requires.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1995, c. 482, §A13 (AMD).
29-A ME Rev Stat § 661 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §661. Duplicate certificate of title, certificate of salvage or certificate of lien

 §661. Duplicate certificate of title, certificate of salvage or certificate of lien 1.  Application.  If a certificate of title or certificate of salvage is lost, stolen, mutilated or destroyed or becomes illegible, the owner or legal representative of the owner named in the certificate, as shown by the records of the Secretary of State, shall promptly make application for and may obtain a duplicate upon furnishing information satisfactory to the Secretary of State. A duplicate certificate of title or certificate of salvage must contain the legend, "This is a duplicate certificate and may be subject to the rights of a person under the original certificate." It must be mailed to the owner named on the certificate unless that owner gives written authorization to mail the certificate to another person. If a certificate of lien has been lost, stolen, mutilated or destroyed or becomes illegible, the first lienholder shown on the certificate may apply for and obtain a duplicate upon furnishing information satisfactory to the Secretary of State.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  Time.  The Secretary of State is not required to issue a duplicate until 15 days after the previous title was issued.   [PL 2009, c. 435, §11 (AMD).] 3.  Surrender of original.  A person recovering an original certificate for which a duplicate has been issued shall promptly surrender the original to the Secretary of State. Violation of this subsection is a Class E crime.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 2001, c. 361, §22 (AMD). PL 2001, c. 361, §38 (AFF). PL 2009, c. 435, §11 (AMD).
29-A ME Rev Stat § 663 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §663. Transfer on death of spouse

 §663. Transfer on death of spouse On the death of a married resident owner of a motor vehicle registered in this State, ownership of the motor vehicle passes to the surviving spouse if no will provides otherwise and permission is granted by a lienholder. Registration and title of the vehicle must be transferred to the surviving spouse at no fee and is exempt from the purchase and use tax.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF).
29-A ME Rev Stat § 664 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §664. Resale by dealer (REPEALED)

 §664. Resale by dealer (REPEALED)SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1995, c. 645, §A9 (AMD). PL 1995, c. 645, §A18 (AFF). PL 1997, c. 437, §19 (RP).
29-A ME Rev Stat § 664-A (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §664-A. Resale by dealer

 §664-A. Resale by dealer 1.  Vehicle sold by dealer.  A vehicle that is sold by a dealer must be accompanied by a properly assigned and valid certificate of title or certificate of salvage at the time of its sale. A dealer may retain and process certificates of title and certificates of salvage at the dealer’s primary facility if in the case when the dealer displays a vehicle at an annex facility the dealer maintains a copy of the certificate of title or certificate of salvage at the annex facility. A dealer selling a vehicle to a lessee who elects to purchase the leased vehicle at the end of the lease term is exempt from this provision.   [PL 2021, c. 216, §17 (AMD).] 2.  Vehicle held by dealer.  If a dealer holds a vehicle for resale and obtains the certificate of title or certificate of salvage, the dealer is not required to deliver the certificate to the Secretary of State.   [PL 1997, c. 437, §20 (NEW).] 3.  Transfer.  When transferring possession of a vehicle held for resale to a retail purchaser or selling a leased vehicle to the lessee, a dealer shall comply with section 654.   [PL 2021, c. 216, §18 (AMD).] 4.  Unreleased security interest.  If a certificate of title shows an unreleased security interest, a dealer may not transfer possession of the vehicle unless the dealer possesses a properly released certificate of lien or the Secretary of State has issued a replacement certificate omitting the security interest under section 705.   [PL 2001, c. 671, §14 (AMD).] 5.  Sold at auction.  Except for a vehicle sold to a dealer at a vehicle auction licensed under section 1051, a vehicle that is sold at an auction must be accompanied by a valid certificate of title or salvage at the time of its sale. The seller of a vehicle sold to a dealer at a vehicle auction licensed under section 1051 must provide the purchasing dealer with a valid certificate of title or certificate of salvage within 30 days.   [PL 2021, c. 216, §19 (AMD).] 6.  Documentation.  A vehicle that is exempt under section 652 or a vehicle from a jurisdiction that does not issue certificates of title must be accompanied by information and documents to establish the ownership of the vehicle and the existence or nonexistence of a security interest in it.   [PL 1997, c. 437, §20 (NEW).] 7.  Penalty.  Violation of this section is a Class E crime.   [PL 1997, c. 437, §20 (NEW).] SECTION HISTORY PL 1997, c. 437, §20 (NEW). PL 2001, c. 671, §14 (AMD). PL 2009, c. 598, §29 (AMD). PL 2011, c. 556, §6 (AMD). PL 2021, c. 216, §§17-19 (AMD).
29-A ME Rev Stat § 666 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §666. Records of surrendered certificates of title

 §666. Records of surrendered certificates of title The Secretary of State shall maintain a file for 5 years of every surrendered certificate for tracing title of vehicles.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF).
29-A ME Rev Stat § 670 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 2: CERTIFICATE OF TITLE AND CERTIFICATE OF SALVAGE|29-A §670. Maine Lemon Law vehicle

 §670. Maine Lemon Law vehicle This section applies to any motor vehicle subject to the disclosure requirements of Title 10, section 1163, subsection 7. A manufacturer to whom the motor vehicle was returned pursuant to Title 10, section 1163, subsection 2 shall return the title of the motor vehicle to the Secretary of State with an application for a new title in the name of the manufacturer. The Secretary of State shall issue a certificate of title that includes the following brand: "Lemon Law Buyback." All subsequent certificates of title to that vehicle must contain the same brand.   [PL 2007, c. 383, §18 (NEW).]SECTION HISTORY PL 2007, c. 383, §18 (NEW).
29-A ME Rev Stat § 701 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 3: SECURITY INTEREST|29-A §701. Creation of security interests

 §701. Creation of security interests 1.  Application.  If an owner creates a security interest in a vehicle, the owner shall:   A. Complete an application that provides the name and address of the lienholder and the date of the lien; and   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]B. Immediately deliver the certificate of title, application and fee to the lienholder.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).][PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  Delivery by lienholder.  The lienholder shall deliver the certificate, application and fee to the Secretary of State within 30 days of receipt.   [PL 2009, c. 598, §32 (AMD).] 3.  Additional.  Upon request of the owner or subordinate lienholder, and receipt of an owner's application and fee, a lienholder in possession of the certificate of title shall deliver the certificate to the Secretary of State. The Secretary of State shall record the subordinate lien and reissue the title to the first lienholder. The delivery of the certificate does not affect the rights of the first lienholder under that lienholder's security agreement.   [PL 2009, c. 435, §12 (AMD).] 4.  New certificate.  Upon receipt of the certificate, the application and fee, the Secretary of State shall issue a new certificate containing the name and address of the new lienholders. The Secretary of State shall mail a certificate of title or certificate of salvage to the first lienholder.   [PL 2007, c. 383, §19 (AMD).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1995, c. 645, §A13 (AMD). PL 2007, c. 383, §19 (AMD). PL 2009, c. 435, §12 (AMD). PL 2009, c. 598, §32 (AMD).
29-A ME Rev Stat § 702 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 3: SECURITY INTEREST|29-A §702. Perfecting security interest

 §702. Perfecting security interest 1.  Valid against creditors, transferees and lienholders.  A security interest in a vehicle for which a certificate of title is issued is not valid against creditors of the owner or subsequent transferees or lienholders unless perfected as provided in this subchapter.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  Method.  A security interest is perfected by the delivery to the Secretary of State of:   A. The certificate of origin or existing certificate of title or certificate of salvage;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]B. An application for a certificate of title containing the name and address of the lienholder and the date of the security agreement; and   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]C. The required fee.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).][PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2-A.  Lienholder registration.  A lienholder who secures a lien on 15 or more titles annually is required to register with the Secretary of State for a lienholder identification number in accordance with rules adopted by the Secretary of State.   [PL 2021, c. 216, §20 (NEW).] 3.  Date.  A security interest is perfected as of the date of delivery under subsection 2.   [PL 1999, c. 699, Pt. B, §26 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).] 4.  Vehicle brought into State.  If a vehicle is subject to a security interest when brought into this State, the perfection, effect of perfection and priority of the security interest is determined in accordance with Title 11, Article 9‑A, Part 3.   [PL 1999, c. 699, Pt. B, §26 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).] 5.  Vehicles located outside State and registered in State.  If a vehicle is located outside this State and is not the subject of a valid certificate of title issued by another jurisdiction, upon registration of the vehicle in this State, the provisions of this chapter on perfection of a security interest apply. Notwithstanding Title 11, Article 9‑A, Part 3, perfection under this subchapter remains valid until the certificate issued by this State is surrendered for retitling in another jurisdiction.   A.   [PL 1999, c. 699, Pt. B, §27 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]B.   [PL 1999, c. 699, Pt. B, §27 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).][PL 1999, c. 699, Pt. B, §27 (RPR); PL 1999, c. 699, Pt. B, §28 (AFF).] SECTION HISTORY RR 1993, c. 2, §18 (COR). PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 1999, c. 699, §§B26,27 (AMD). PL 1999, c. 699, §B28 (AFF). PL 2021, c. 216, §20 (AMD).
29-A ME Rev Stat § 703 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 3: SECURITY INTEREST|29-A §703. Exemptions

 §703. Exemptions This subchapter does not affect:   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]1.  Liens for services or materials.  A lien given by statute or rule of law to a supplier of services or materials for the vehicle;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 2.  Government lien.  A lien given by statute to the United States, this State or a political subdivision of this State;   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 3.  Salvage lien.  A lien given for a salvage vehicle, except when the vehicle is repaired or rebuilt for operation on a public way; or   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 4.  Manufacturer's lien.  A security interest created by a manufacturer or dealer who holds the vehicle for sale. A buyer in the ordinary course of trade from the manufacturer or dealer takes free of this security interest.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF).
29-A ME Rev Stat § 704 (2021)
2021 Maine Revised Statutes|TITLE 29-A: MOTOR VEHICLES AND TRAFFIC|Chapter 7: TITLE TO VEHICLES|Subchapter 3: SECURITY INTEREST|29-A §704. Assignment of security interest

 §704. Assignment of security interest 1.  Assignment.  A lienholder may assign a security interest to a person other than the owner without affecting the interest of the owner or the validity of the security interest. Except as provided in subsection 5, a lienholder who assigns a security interest to a person other than the owner must provide notice of the assignment to the Secretary of State within 30 days of the assignment. The notice must include the name, address and telephone number of the assignee, the name of the owner and the certificate of salvage, certificate of lien or certificate of title number. Failure to provide notice to the Secretary of State as required by this subsection is a civil violation for which the Secretary of State may assess a civil penalty of not more than $500 per violation.   [PL 2005, c. 234, §1 (AMD).] 2.  Obligations continue.  A person without notice of an assignment is protected in dealing with the lienholder as the holder of the security interest.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 3.  Liability.  The lienholder remains liable for an obligation as lienholder until the assignee is named as lienholder on the certificate of title or certificate of salvage.   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).] 4.  Endorsement.  Except as provided in subsection 5, the assignee must, in order to perfect the assignment, have a certificate of title, certificate of salvage or certificate of lien issued with the assignee named as lienholder, by delivering to the Secretary of State within 30 days of the assignment the certificate and an assignment by the lienholder named in the certificate in the form the Secretary of State prescribes, together with an application and the required fee.   [PL 2005, c. 234, §2 (AMD).] 5.  Exceptions.  The notice requirement described in subsection 1 and the filing requirement described in subsection 4 do not apply to an assignment of a security interest by a lienholder if the lienholder retains the obligation to perform servicing functions in connection with the security interest. As used in this subsection, "servicing functions" includes, without limitation, the obligations to release the lien or the obligation to obtain the release of lien upon satisfaction of the security interest as provided in section 705, to furnish information as provided in section 706, to respond to a request for information concerning the security interest from the Secretary of State and to retain possession of the certificate of title or certificate of salvage.   [PL 2005, c. 234, §3 (NEW).] SECTION HISTORY PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF). PL 2001, c. 671, §15 (AMD). PL 2005, c. 234, §§1-3 (AMD).