61-4-112. New motor vehicles -- transfers by dealers. (1) When a motor vehicle dealer transfers a new motor vehicle to a purchaser or other recipient, the dealer shall:
     (a) issue and affix a permit as prescribed in 61-4-111(2)(a) for transfers of used motor vehicles and retain a copy of the permit;
     (b) within 4 working days following the date of delivery of the new motor vehicle, forward to the county treasurer of the county where the purchaser or recipient resides:
     (i) one copy of the permit issued under subsection (1)(a);
     (ii) an application for certificate of title with a notice of security interest, if any, executed by the purchaser or recipient; and
     (iii) a statement of origin as prescribed in 61-3-502(8).
     (2) Upon receipt from the county treasurer of the documents required under subsection (1), the department shall issue a certificate of ownership and certificate of registration, together with a statement of lien as provided in 61-3-202.

     History: En. Sec. 4, Ch. 138, L. 1971; R.C.M. 1947, 53-109.2; amd. Sec. 1, Ch. 428, L. 1985; amd. Sec. 13, Ch. 503, L. 1985; amd. Sec. 5, Ch. 517, L. 1989; amd. Sec. 3, Ch. 342, L. 1995; amd. Sec. 55, Ch. 509, L. 1995.