Section 18-403. EFFECT AND CONTENT OF CERTIFICATES OF TITLE

 

403.1A certificate shall be valid for the life of the vehicle, as long as the legal title is held by the owner or by the person to whom it is assigned.

 

403.2Only one (1) valid certificate shall be outstanding for any vehicle at any time.

 

403.3The certificate shall be mailed or delivered to the first lien holder named in the certificate or, if none, to the owner.

 

403.4Each certificate issued by the Director shall contain the following:

 

(a)A description, as determined by the Director, of the vehicle and one or more of the following: Lien,” “Livery,” “new,” “taxi,” “re-titled,” “used,” “x commercial,” “x livery,” “x sightseeing,” or “x taxi,” the full name and residence address of the owner as shown on the application, and the date of issue of the certificate. This information shall be on the face of the certificate and shall all be over the signature and seal of the Director;

 

(b)The names and addresses of any lien holders in the order of priority shown on the application; or, if the application is based on a certificate or certificates of title, as shown on the certificate(s); and

 

(c)Forms for assignment and warranty of title by the owner, and for assignment and warranty of title by a dealer. The certificate may contain forms for application for a certificate by a transferee.