28-2058

28-2058. Transfer of title; odometer mileage
disclosure statement

A. When the owner of a registered or unregistered vehicle transfers or assigns the
owner's title or interest to the vehicle:

1. If the vehicle is registered:

(a) The owner shall endorse on the certificate of title to the vehicle an
assignment with the warranty of title in the form printed on the certificate.

(b) Except as provided in section 28-2094, the owner shall deliver the certificate
to the purchaser or transferee at the time of delivery of the vehicle to the purchaser or
transferee.

(c) The registration of the vehicle expires and the owner shall transfer the
license plates, surrender the license plates to the department or an authorized third
party or submit an affidavit of license plate destruction within thirty days after the
owner transfers or assigns the owner's title or interest in the vehicle.

(d) Except as provided in section 28-2091, the acquiring owner shall apply for
registration or title, or both, within fifteen days after the relinquishing owner
transfers or assigns the relinquishing owner's title or interest in the vehicle. The
director may prorate the registration period as the director deems necessary to coincide
with emissions inspection requirements.

(e) Except if the acquiring owner is an insurer who acquires the vehicle pursuant
to a claim settlement, the acquiring owner shall display on the vehicle a temporary
registration plate, another permit or a valid license plate as prescribed by the
department until ownership of the vehicle is transferred in the department's records.

2. Regardless of whether or not the vehicle is registered:

(a) Except as provided in subsection B of this section, the owner shall deliver to
the purchaser or transferee an odometer mileage disclosure statement in a form prescribed
by the director.

(b) Except as provided in sections 28-2060 and 28-2091, the purchaser or transferee
shall present the certificate of title to the department with the required fee within
fifteen days after the transfer and:

(i) Except as provided in section 28-2064, the department shall issue a new
certificate of title.

(ii) If required, the purchaser or transferee shall apply for and obtain
registration, and the department shall issue new license plates to the purchaser or
transferee.

B. The odometer disclosure requirement of subsection A of this section does not
apply to:

1. A motor vehicle that is ten model years of age or older.

2. A motor vehicle that has a gross vehicle weight rating of sixteen thousand
pounds or more.

3. A vehicle that is not self-propelled.

4. A motor vehicle that is sold directly by the manufacturer to an agency of the
United States in conformity with contractual specifications.

5. A new motor vehicle that is purchased for resale and not for use by the
purchaser.