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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan.
In 1956, the United States, Canada, and Mexico came to an agreement with the American Association of Motor Vehicle Administrators, the Automobile Manufacturers Association and the National Safety Council that standardized the size for license plates for vehicles (except those for motorcycles) at 6 inches (15 cm) in height by 12 inches (30 cm) in width, with standardized mounting holes. [2]
responsible for vehicle title and registration Alabama: Driver License Division: Motor Vehicle Division: The Driver License Division is a division of the Alabama Department of Public Safety, [4] whereas the Motor Vehicle Division is a division of the Alabama Department of Revenue. [5] Alaska: Division of Motor Vehicles
Car insurance follows the vehicle in Tennessee, not the driver. This is fairly common throughout the country. Essentially, as long as your car has coverage that meets the state’s insurance ...
Under 17 either with a learner's permit or a driver license cannot drive between midnight and 6 a.m., under 18 either with a learner's permit or a driver license cannot drive between 1 a.m. and 5 a.m., unless accompanied by a parent or guardian. Drivers under 17 may only have one non-family member under the age of 21 in the vehicle; no ...