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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
The American Association of Motor Vehicle Administrators (AAMVA) created a 'standard' that many states have adopted in ELT design. States that use the AAMVA standard include: Arizona, Hawaii, Massachusetts, Michigan, Ohio, South Carolina, Texas, Virginia.
A department of motor vehicles (DMV) is a government agency that administers motor vehicle registration and driver licensing. In countries with federal states such as in North America, these agencies are generally administered by subnational entities governments, while in unitary states such as many of those in Europe, DMVs are organized ...
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The lien may be satisfied by selling the vehicle through the lien sale process. To conduct a lien sale, the person/lienholder must have possession of the vehicle and may require lien sale authorization from the State's Department of Motor Vehicles, depending on the State and or value of the vehicle. Interested parties, including the registered ...
The New York State Department of Motor Vehicles (NYSDMV or DMV) is the governmental agency responsible for registering and inspecting automobiles and other motor vehicles, as well as licensing drivers in the State of New York.