Louisiana · Louisiana Revised Statutes — Title 32, Motor Vehicles and Traffic
La. R.S. 32 § 32:711: Sale subject to mortgage or security interest; act of sale and assignment of certificate; corrected certificate
What this law says, in plain English
When a vehicle with an existing mortgage is sold, the seller provides a signed act of sale and assignment form to the buyer. The buyer submits these documents to the commissioner within five days. The commissioner notifies lien holders and issues a corrected title to the new owner showing all existing mortgages.
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