| | | Emergency preamble. Whereas, Acts of the Legislature do not become | | effective until 90 days after adjournment unless enacted as | | emergencies; and |
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| | | Whereas, the Secretary of State is releasing liens on titled | | vehicles that are older than 66 months assuming that they have | | been satisfied; and |
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| | | Whereas, car loans are for periods that may run longer than 66 | | months; and |
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| | | Whereas, this legislation needs to take effect immediately so | | that liens that are on titled vehicles will not be released | | prior to the loan being satisfied; and |
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| | | Whereas, in the judgment of the Legislature, these facts | | create an emergency within the meaning of the Constitution of | | Maine and require the following legislation as immediately | | necessary for the preservation of the public peace, health and | | safety; now, therefore, |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 29-A MRSA §705, sub-§3, as enacted by PL 1995, c. 482, Pt. | | A, §16, is repealed. |
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| | | Emergency clause. In view of the emergency cited in the | | preamble, this Act takes effect when approved. |
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| | | This bill repeals a provision that allows the Secretary of | | State to assume that any lien against a titled vehicle has | | been satisfied after 66 months, even if the term of the loan | | is more than 66 months. |
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