49-511. CANCELLATION OR DISCHARGE OF LIEN OR ENCUMBRANCE. When a lien or encumbrance is canceled or discharged, the lienholder shall provide notice of such cancellation or discharge to the department within thirty (30) days. If the lienholder was holding the paper certificate of title, he shall note the cancellation or discharge on the certificate of title in the space provided, over his signature, or by some other legal document, discharging the encumbrance, and shall deliver the paper certificate of title to the owner within thirty (30) days of receipt of payoff of the encumbrance. If the lienholder was holding an electronic title, he shall send the department an electronic transaction that directs the department to provide a paper title to the owner free of the lienholder’s lien within thirty (30) days of receipt of payoff of the encumbrance.
History:
[49-511, added 1988, ch. 265, sec. 126, p. 648; am. 1991, ch. 153, sec. 6, p. 365; am. 1993, ch. 298, sec. 3, p. 1099; am. 1994, ch. 297, sec. 1, p. 941; am. 2014, ch. 38, sec. 13, p. 81.]
Structure Idaho Code
Section 49-501 - TITLING REQUIREMENTS — EXEMPTIONS.
Section 49-501A - APPLICATION TO VESSEL TITLING.
Section 49-504 - APPLICATIONS TO DEPARTMENT FOR CERTIFICATES — PROCEDURE — IDENTIFICATION NUMBERS.
Section 49-506 - DESTRUCTION OF RECORDS.
Section 49-509 - STOLEN VEHICLES — REPORTING BY OFFICERS.
Section 49-511 - CANCELLATION OR DISCHARGE OF LIEN OR ENCUMBRANCE.
Section 49-512 - SECURITY INTERESTS — METHOD OF GIVING CONSTRUCTIVE NOTICE EXCLUSIVE.
Section 49-512A - EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE.
Section 49-513 - SALE OF ENCUMBERED VEHICLE — CONSENT OF LIENHOLDER — EFFECT.
Section 49-515 - LOST, MUTILATED OR ILLEGIBLE CERTIFICATES — DUPLICATE CERTIFICATES.
Section 49-516 - JUNKED OR CHANGED VEHICLES — CANCELLATION OF CERTIFICATE.
Section 49-517 - PRINTING AND FORM OF CERTIFICATES.
Section 49-523A - TITLE STOP WHEN OWNERSHIP OF VEHICLE DISPUTED.
Section 49-525 - SALVAGE-CERTIFIED VEHICLE — BRANDED CERTIFICATE OF TITLE.
Section 49-526 - RELEASE OF LIABILITY UPON SALE OF VEHICLE.
Section 49-527 - PURPOSE OF TRANSITIONAL OWNERSHIP DOCUMENT.
Section 49-530 - DISCRETIONARY REJECTION OR INVALIDATION OF DOCUMENT BY DEPARTMENT.