Introduced by Sen. Mike Nofs (R) on April 29, 2014, to revise process for updating vehicle loan “security interests” on vehicle titles, so as to accommodate the process proposed by Senate Bill 918 for replacing the current paper-based system with an all-electronic one. Among other things the bill would eliminate a requirement that the Secretary of State must issue a title to the owner of a vehicle, if the title were subject to a security interest (loan).
Referred to the Senate Transportation Committee on April 29, 2014.
Reported in the Senate on May 21, 2014, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on June 4, 2014. The substitute passed by voice vote in the Senate on June 4, 2014.