Section 2.92.160. Satisfaction and release of lien: procedures.

Latest version.

	(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.

Authorities

28.05.011;28.10.401

Notes

Authority
 AS 28.05.011  
AS 28.10.401  
History Eff. 7/1/2006, Register 178

                    
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