41-1a-607 - Assignment by lienholder. - Utah Statutes

41-1a-607. Assignment by lienholder.
(1) (a) Any person holding a lien or encumbrance upon a vehicle, vessel, or outboardmotor, other than a lien dependent solely upon possession, may assign his title or interest in or tothe vehicle, vessel, or outboard motor to a person other than the owner without the consent of andwithout affecting the interest of the owner or the registration of the vehicle, vessel, or outboardmotor.
(b) If assignment of the lien or encumbrance in any way modifies or affects the owner'srepayment agreement, the lien or encumbrance holder shall give to the owner a written notice ofthe assignment.
(2) Upon request to the division and upon receipt of a certificate of title assigned by theholder of a lien or encumbrance shown on it and giving the name and address of the assignee,accompanied by the fee provided by law, the division shall issue a new certificate of title.

Renumbered and Amended by Chapter 1, 1992 General Session
Amended by Chapter 218, 1992 General Session