Current through the 2024 Legislative Session.
Section 22851.6 - Satisfaction of lien by lienholder if vehicle has value not exceeding $500(a) Lienholders who acquire a vehicle subject to Section 22851.2 shall satisfy their lien pursuant to Sections 22851.8 and 22851.10 if the vehicle has a value not exceeding five hundred dollars ($500), as determined pursuant to Section 22670.(b) All forms required by Sections 22851.8 and 22851.10 shall be prescribed by the Department of Motor Vehicles. The language used in the notices and declarations shall be simple and nontechnical.Amended by Stats 2004 ch 650 (AB 3047),s 14, eff. 1/1/2005