(a) Any person holding a lien or encumbrance upon a vehicle, other than a lien dependent solely upon possession, may assign his or her title or interest in or to the vehicle to a person other than the owner without the consent of the owner, and without affecting the interest of the owner or the registration of the vehicle, but in such event, he or she shall give to the owner a written notice of the assignment.
(b) The Office of Motor Vehicle, upon receiving a certificate of title assigned by the holder of a lien or encumbrance shown thereon and giving the name and address of the assignee, shall issue a new certificate of title as upon an original application.
Structure Arkansas Code
Subtitle 2 - Motor Vehicle Registration and Licensing
Chapter 14 - Motor Vehicle Administration, Certificate of Title, and Antitheft Act
Subchapter 9 - Transfers of Title and Registration
§ 27-14-902. Transfer or assignment by owner or lessee generally
§ 27-14-903. Registration by transferee — Title retention notes
§ 27-14-904. Transfers to dealers
§ 27-14-906. Dealer and lienholder applications for registration and title certificates
§ 27-14-907. Transfer by operation of law — Definition
§ 27-14-908. Assignment by lienholder
§ 27-14-909. Release of lien by lienholder — Disclosure of information
§ 27-14-910. Reregistration — File
§ 27-14-911. Transferor not liable for negligent operation
§ 27-14-912. Dismantling or wrecking vehicles
§ 27-14-913. Sale of motor vehicles to be dismantled, etc
§ 27-14-914. Transfer of license plates and registration from one vehicle to another
§ 27-14-915. Transfer of license on vehicles for hire
§ 27-14-916. Notice of sale or transfer
§ 27-14-917. Time requirements for payment of lien or encumbrance