A lienholder may assign, absolutely or otherwise, his security interest in the vehicle, manufactured home or mobile home to a person other than the owner without affecting the interest of the owner or the validity of the security interest. However, any person without notice of the assignment is protected in dealing with the lienholder as the holder of the security interest and the lienholder remains liable for any obligations as lienholder until the assignee is named as lienholder on the certificate in the manner prescribed by the State Tax Commission.
The commission shall file each assignment received by the commission with the required fee, and note the assignee as lienholder upon the record of notices of security interests maintained by the commission.
Structure Mississippi Code
Title 63 - Motor Vehicles and Traffic Regulations
Chapter 21 - Motor Vehicle Titles
Article 1 - General Provisions
§ 63-21-15. Application for certificate of title; expedited title processing
§ 63-21-18. Automated statewide motor vehicle title registration system
§ 63-21-21. Delivery of certificate of title
§ 63-21-25. Refusal to issue certificate of title
§ 63-21-29. Issuance of distinctive certificate of title
§ 63-21-35. Procedure upon transfer of interest of owner by operation of law
§ 63-21-37. Issuance of new certificate of title; disposition of surrendered certificates
§ 63-21-41. Applicability of chapter to particular liens and security interests
§ 63-21-47. Assignment of security interest by lienholder
§ 63-21-53. Perfection of unsatisfied security interest in previously registered vehicle
§ 63-21-59. Suspension or revocation of certificate of title
§ 63-21-64. Fees paid to Department of Revenue for issuing and processing necessary documents
§ 63-21-65. Disposition of fees
§ 63-21-71. Penalties for violations of chapter generally
§ 63-21-73. Penalty for felonies