Washington State Statutes - Washington Attorney Directory

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 ownership 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 ownership after the transferee has taken possession of the motor vehicle.

[2000 c 171 § 71; 1990 c 44 § 6.]

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