RCW 19.116.050
176 words·~1 min read·
/wa/title-19/chapter-19-116/19-116-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A dealer engages in an act of unlawful transfer of ownership interest in motor vehicles when all of the following circumstances are met:
(1)The dealer does not pay off any balance due to the secured party on a vehicle acquired by the dealer, no later than the close of the second business day after the acquisition date of the vehicle; and
(2)The dealer does not obtain a certificate of title under RCW 46.70.124 for each used vehicle kept in his or her possession unless that certificate is in the possession of the person holding a security interest in the dealer's inventory; and
(3)The dealer does not transfer the certificate of title after the transferee has taken possession of the motor vehicle.
[ 2010 c 161 s 1101 ; 2000 c 171 s 71 ; 1990 c 44 s 6 .]
Notes:
Effective date — Intent — Legislation to reconcile chapter 161, Laws of 2010 and other amendments made during the 2010 legislative session — 2010 c 161: See notes following RCW 46.04.013 .