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Shanel White: Posted on Saturday, September 29, 2012 10:33 AM
In this post, I will talk about multiple owners on a vehicle title. With that being said, emphasis will be placed on two types of scenarios; multiple owners on a vehicle title (in the case of joint ownership) and multiple owners on a vehicle title (in the case of title skipping or title flipping).
Multiple Owners on a Vehicle Title (Joint Ownership)
Let me start off by saying that almost everyone whose had a vehicle titled in their name before, is familiar with the ability to get a vehicle titled in 2 names. In addition to this, it is also true that a vehicle can be titled with more names (usually up to 5 total- depending on the state).
Important Points Regarding Joint Ownership:
- All owners on the title have equal ownership regardless of their position (1st, 2nd, etc.)
- All owners have the right to add "rights of survivor-ship", (in the event of death, the rights will be automatically transferred to the other surviving parties)
- In the event the parties wish to sell the vehicle, all parties on the title must sign as the sellers
- In the event one party wants the other party or parties off of the title (the individual or individuals who are asked to be removed, must consent to being removed-by signing the title over to the other remaining party or parties. Note: if the person who is being asked to be removed, has no desire to do so, then the situation becomes a civil matter and must be taken to court, because all parties on the title have equal ownership.
Multiple Owners on a Vehicle Title (Title Skipping)
Multiple owners on a title in the case of title skipping is not good and to be frank, it's illegal! For those who are familiar with my previous posts on title skipping you are familiar with what this situation is. If you aren't, I will give you a brief description of multiple owners on a title in regards to title skipping. An example like this might be when you purchase a vehicle from someone and they give you a title. On the title, you will see that a seller and buyer signed in one section, a seller and buyer signed in another section, and so on. Unfortunately, the title was never transferred (as it should have been).
Important Points Regarding Title Skipping:
- The last buyer who is presented with the title, usually has the challenge of getting the vehicle title because they aren't the "actual owner"
- It's illegal to transfer titles (with multiple owners on the reassignments), unless you are a licensed dealer
- DMV reject title skipping issues, and sometimes depending on the severity of the matter it can result in a civil (court) dispute between the parties involved.
Wisdom & Authority Title Solutions is available to assist you with your vehicle title needs. If you need to title a vehicle with joint owners or if you are involved in a title skipping situation, you owe it to yourself to get professional vehicle title help today.
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Shanel White: Posted on Monday, September 10, 2012 9:56 PM
With more and more people buying antique vehicles for show cars or for fixer upper projects, this post will shed some light on titling and registering antique vehicles. In this post the areas of focus will be on: what is an antique vehicle, title and registration tips for antique vehicles, and regulations for antique vehicles.
What is an Antique Vehicle?
An antique vehicle is classified as a motor vehicle including trailers and motorcycles that is a classic, or vintage item. The classification of whether a motor vehicle is an antique or not is determined by the state or jurisdiction. For example, in the state of Virginia, a vehicle that is more than 25 years old is considered an antique.
Title & Registration Tips for Antique Vehicles:
- Not all antique vehicles started with a title (some states didn't title vehicles until after certain years.
- An antique vehicle is titled like any other vehicle, with the exception that the VIN may appear shorter on the title (VINs before the 1980s were usually 11 digits versus the 17 digits that we have today).
- Antique vehicles aren't required to have antique or vintage plates, however restrictions do apply (if such plates are used).
Regulations for Antique Vehicles:
- If you have antique/vintage plates on your vehicle you must be in compliance with DMV antique/vintage vehicle regulations. For example, while having antique/vintage plates on your vehicle, you are prohibited from driving your vehicle daily or as you would your regular non-antique vehicle. Having antique/vintage plates on your vehicle allows you to drive only on the week ends, to and from shows and during holidays.
- Antique vehicles don't have to be inspected
- If you wish to have antique/vintage plates on your vehicle, you must have at least 1 non-antique vehicle that is titled and registered to you and that you will use for normal operations, as is the policy of Virginia.
If you bought a antique vehicle, motorcycle or trailer and didn't receive the title or you have a titling concern pertaining to this vehicle; Wisdom & Authority Titling Solutions is available to provide you with professional vehicle titling assistance. Source: Certain information was used from the Virginia DMV
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Shanel White: Posted on Sunday, September 09, 2012 8:30 PM
Those who are in the motor carrier industry will hopefully benefit from this post because it deals with UCR or Unified Carrier Registration, a program that affects almost everyone in the interstate or international aspect of motor carrier operations. In this post, I will mention what the UCR or the Unified Carrier Registration program is, Who Must File this Type of Registration and The Consequences of Not Filing UCR.
What is UCR (Unified Carrier Registration)?
Unified Carrier Registration is a motor carrier registration fee that was mandated by the Federal government in September 2007; and is executed by the state governments. The registration fee that is paid is based on the number of power units/vehicles in the operator's fleet. The monies generated from the fee is submitted to that carrier's state of operation (regardless of how the operator chooses to file or submit payment).
Who Must File UCR (Unified Carrier Registration)?
The following operators must file UCR:
- Motor Carriers
- Private Carriers
- Freight Brokers
- Freight Forwarders
- Leasing Companies
In essence, the above operators who are involved in interstate or international operations must file. Consequences for Not Filing UCR (Unified Carrier Registration)?The deadline to file UCR is December 31 every year. Please be advised that if you are a motor carrier, private carrier, freight broker, freight forwarder or a leasing company and you haven't filed UCR since 2007 and you have had operations since then, you still must file UCR. The consequences for not filing UCR are: - Citations from DOT and highway patrols/law enforcement officials
- Late fee/penalties for filing late
- Possible suspension of your motor carrier licensing and registration status
- Possibility of having your overall operations shut down by DOT
If you have concerns about filing your UCR, are late filing UCR, or have general questions, Wisdom & Authority Titling Solutions is available to assist you with your UCR needs today. My goal is to keep you in motor carrier compliance, so avoid delays and penalties by getting help today! |
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Shanel White: Posted on Sunday, September 09, 2012 3:33 PM
This post will focus on mechanic and storage liens. My goal is to provide clarity to those who aren't too clear about what a mechanic or storage lien is. Accordingly, I will address what a mechanic or storage lien is and what a mechanic or storage lien is not.
What is a Mechanic or Storage Lien?
A mechanic or storage lien is a legal process in which a lien is levied upon a vehicle for services that were rendered but weren't paid for. Generally, a mechanic or storage lien can't be filed until the vehicle has been in the repair, tow, recovery or storage company's possession for at least 10 days (varies by state) Those who can file for mechanic or storage liens are vehicle repair, tow, storage and recovery companies. Accordingly, the sole purpose of a mechanic or storage lien is to allow the company filing who hasn't received compensation for the service/s rendered to sell the vehicle at an auction or to obtain the title to the vehicle; so that any it can offset any financial lost regarding the repair or storage of the vehicle. The following shows which type of companies can file for which type of lien: - Auto Repair Companies: Can file for both a mechanic and storage lien
- Tow Companies: Provided the tow company doesn't conduct repairs, a storage lien can be filed only
- Recovery Companies: Assuming the recovery company doesn't conduct repairs, a storage lien can be filed only
- Storage Company: Can file a storage lien only
What a Mechanic or Storage Lien Is Not?
- Isn't to be used in lieu of filing for an abandoned vehicle title
- Can't be filed, if someone picks up their vehicle (promised to pay the mechanic on good faith) and fails to pay. Note: the reason that a mechanic/storage lien can't be filed is because the mechanic/tow/storage or recovery company no longer has the vehicle in their possession
- Can't be used by anyone unless they are a vehicle repair, tow, storage or recovery company
- Isn't a lien that you can claim any dollar amount in compensation that you like. The NADA or book value of the car is a factor as well as the actual monetary charges that are being sought
Wisdom & Authority Titling Solutions is committed to providing you with professional mechanic or storage lien assistance. If you have vehicles on your property that you rendered services on, help is at your service and that includes dealing with DMV, vehicle owners and other third party agencies on your behalf and all of the paperwork to ensure that your mechanic or storage lien matter is covered from start to finish and with accuracy.
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