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Plates are currently issued by the Arizona Department of Transportation (ADOT) through its Motor Vehicle Division (MVD). Only rear plates have been required since 1989. In Arizona, the license plate belongs to the vehicle owner. This allows for the transfer of a plate from one vehicle to another. [1]
The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some states may take up to three months for a paper title to be produced after an electronic lien release, though this is uncommon. [citation needed]
The lessor can do the title transfer paperwork on your behalf, but it may charge you a processing fee. The lease buyout title transfer process is similar to a private- or third-party vehicle purchase.
The Motor Vehicle Division (MVD) is responsible for driver licensing and vehicle registration. It has 1600 employees and an annual operating budget of $72 million. Currently it is headed by ADOT Assistant Director Eric Jorgensen. [1] As of FY 2023, the MVD has 7,969,576 license plates registered with the department. [5]
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The original "pink slip" (or a replacement issued by the DMV, if the original is lost) is needed to transfer ownership of the vehicle, like during a sale. [10] The color pink was chosen to draw car owners' attention to it, to help prevent the document from being discarded with other non-essential paperwork. [ 10 ]