Sec. 11. 29-A MRSA §705, sub-§3, as amended by PL 2003, c. 295, §1, is further amended to read:

3. Assumed release of lien. The Except for liens on manufactured housing, the Secretary of State, at the Secretary of State's discretion, may assume that any lien with a lien date more than 66 months old has been satisfied as provided in this subsection. The Secretary of State shall provide notice to he lienholder by both regular mail and certified mail, return receipt requested, that the lien will be assumed to be satisfied unless the lienholder objects in writing within 30 days of either receipt of the notice, as evidenced by the return receipt, or 45 days of mailing by the Secretary of State in the event the lienholder refuses delivery of the notice by certified mail. The notice must identify the vehicle by year, make, model and vehicle identification number and must include the date of the lien and the name of the owner as of the date of the lien.

Sec. 12. 29-A MRSA §708 is enacted to read:

§708.__Manufactured housing

This subchapter applies to perfection of security interests in manufactured housing that is not permanently affixed to real property.

Sec. 13. Effective date. This Act takes effect October 1, 2007.