Effective - 28 Aug 2015, 3 histories
700.370. Satisfaction of lien or encumbrance, release of, procedure. — 1. Upon the satisfaction of a lien or encumbrance on a manufactured home, the lienholder shall, within ten days after demand, release the lien or encumbrance on the certificate, on a separate document, or electronically under section 32.096 and any rules and regulations adopted thereunder, and mail or deliver the certificate or separate document to the owner or any person who delivers to the lienholder an authorization from the owner to receive the certificate or separate document. Each perfected subordinate lienholder, if any, shall release such lien or encumbrance as provided in this section for the first lienholder. The release on the certificate or separate document shall be notarized. The owner may cause the certificate of title, the release, and the required fee to be mailed or delivered to the director of revenue, who shall release the lienholder's rights on the certificate and issue a new certificate of title.
2. If the electronic certificate of ownership is in the possession of the director of revenue, the lienholder shall notify the director within ten business days of any release of a lien and provide the director with the most current address of the owner. The director shall note such release on the electronic certificate and if no other lien exists the director shall mail or deliver the certificate free of any lien to the owner.
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(L. 1985 S.B. 152 § 700.170, A.L. 2002 H.B. 2008 merged with S.B. 895, A.L. 2010 S.B. 630, A.L. 2015 H.B. 524)
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.