Effective - 28 Aug 2002
700.365. Assignment of lien or encumbrance by lienholder, rights and obligations — perfection by assignee, how. — 1. A lienholder may assign, absolutely or otherwise, his lien or encumbrance on the manufactured home to a person other than the owner without affecting the interest of the owner or the validity or effect of the lien or encumbrance, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the lien or encumbrance and the lienholder shall remain liable for any obligations as lienholder until the assignee is named as lienholder on the certificate of title.
2. An assignee under subsection 1 of this section may, but need not to perfect the assignment, have the certificate of title issued with the assignee named as lienholder, upon delivering to the director of revenue the certificate of title, an assignment by the lienholder named in the certificate of title, and the required fee in the form the director of revenue prescribes.
3. If the certificate of ownership is being electronically retained by the director of revenue, the original lienholder may mail or deliver a notice of assignment of a lien to the director in a form prescribed by the director. Upon receipt of notice of assignment, the director shall update the electronic certificate of ownership to reflect the assignment of the lien and lienholder.
--------
(L. 1985 S.B. 152 § 700.165, A.L. 2002 H.B. 2008 merged with S.B. 895)
Effective 8-28-02 (H.B. 2008); 7-01-03 (S.B. 895)
Structure Missouri Revised Statutes
Title XLI - Codes and Standards
Chapter 700 - Manufactured Homes (Mobile Homes)
Section 700.010 - Definitions.
Section 700.021 - Seals issued to persons, when — manufacturer to certify that unit meets code.
Section 700.025 - Alteration of unit with seal, prohibited when.
Section 700.030 - Reciprocal recognition of seals, when.
Section 700.041 - Manufactured housing consumer recovery fund established, use of moneys.
Section 700.045 - Certain acts declared misdemeanors.
Section 700.055 - Serial numbers required when, form.
Section 700.056 - Dealer to provide buyer certain information.
Section 700.060 - Units covered by sections 700.060 to 700.115.
Section 700.065 - Manufactured homes to be anchored.
Section 700.085 - Certain units exempt from sections 700.060 to 700.085, when.
Section 700.095 - Registration and renewal requirements, application contents — fee.
Section 700.097 - Registration not required, when.
Section 700.098 - Sanctioning of registration, when.
Section 700.370 - Satisfaction of lien or encumbrance, release of, procedure.
Section 700.375 - Provisions of sections 700.350 to 700.380 exclusive — exceptions.
Section 700.500 - Director of revenue to notify assessor of home's location, when.
Section 700.525 - Manufactured home defined.
Section 700.526 - Abandonment deemed, when.
Section 700.528 - Contest of lien, procedure.
Section 700.541 - Rules, promulgation.
Section 700.650 - Citation — definitions.
Section 700.653 - Program to assure proper installation of manufactured homes required.
Section 700.665 - Limited-use installer license authorized.
Section 700.671 - Prohibitions — violation, penalty.
Section 700.674 - Prohibitions.
Section 700.686 - Inspection standards.
Section 700.689 - Dispute process required.
Section 700.692 - Administration — fees authorized — rulemaking authority.