§ 2024. Resale by dealer
If a dealer buys a vehicle, holds it for resale, and obtains the certificate of title from the owner or the lienholder, then the certificate need not be sent to the Commissioner. When the dealer transfers the vehicle to a person, other than by the creation of a security interest, he or she shall simultaneously execute the assignment and warranty of title by filling in the spaces on the certificate of title or as prescribed by the Commissioner or, if title is held by a finance source, execute a form prescribed by the Commissioner that provides proof of the transfer but does not release the lien. The certificate shall be mailed or delivered to the Commissioner with the transferee’s application for a new certificate. (Added 1969, No. 297 (Adj. Sess.), § 1, eff. Sept. 1, 1971; amended 2001, No. 69, § 5; 2019, No. 60, § 20.)
Structure Vermont Statutes
Chapter 21 - Title to Motor Vehicles
§ 2003. Power and duties of Commissioner
§ 2013. When certificate required; issuance of exempt vehicle title upon request
§ 2015. Application for certificate
§ 2016. Commissioner to check identification number
§ 2017. Issuance of certificate; records
§ 2018. Information on certificate
§ 2019. Mailing or delivering certificate
§ 2020. Withholding of certificate; bond required
§ 2021. Refusal of certificate
§ 2023. Transfer of interest in vehicle
§ 2026. Fee to accompany applications
§ 2027. Issuance of new certificate
§ 2029. Suspension or revocation of certificate
§ 2041. Certain liens and security interests not affected
§ 2042. Perfecting security interest
§ 2043. Duties on creation of security interest
§ 2044. Assignment of security interest
§ 2045. Release of security interest
§ 2046. Lienholder to furnish information
§ 2047. Method of perfecting security interest exclusive
§ 2048. Terminal rental adjustment clauses; vehicle leases that are not sales or security interests
§ 2081. Application of subchapter
§ 2082. Altering, forging, or counterfeiting certificates; penalty
§ 2084. Report of theft, recovery of unclaimed vehicle
§ 2086. Impeachment of defendant
§ 2087. Construction with other laws
§ 2091. Salvage certificates of title; forwarding of plates and titles of crushed vehicles
§ 2092. Issuance of salvage title
§ 2093. Salvaged, totaled, and rebuilt vehicles
§ 2152. Authorized removal of abandoned motor vehicles
§ 2153. Abandoned motor vehicle certification
§ 2154. Identification and reclamation of abandoned motor vehicles