2 AAC 92.160 - Satisfaction and release of lien: procedures
(a) A lien recorded
upon a title shall immediately be released by the lienholder upon satisfaction
of the lien. Upon satisfaction, the lienholder shall release or assign its
interest in the vehicle to the owner.
(b) An owner of a registered vehicle upon
which a lien has been satisfied and released shall, within 10 days, apply for a
new title, unless title to the vehicle will be transferred or assigned within
30 days of the release of the lien.
Notes
Authority:AS 28.05.011
AS 28.10.401
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