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Bill to allow transfer‑on‑death vehicle designation advances after AG, DRT support
Summary
Bill 163‑38 would permit motor vehicle owners to designate a beneficiary who would receive ownership on the owner's death, require DRT to publish plain‑language guidance, and clarify liens remain enforceable; the committee added implementation and publication provisions and the bill was placed on the third‑reading file.
The Legislature advanced Bill 163‑38 COR, a measure that would let motor vehicle owners designate a transfer‑on‑death (TOD) beneficiary for their vehicles to avoid probate and ease family administrative burdens.
What the bill does: owners may designate a beneficiary when registering a vehicle; the designation would be part of the motor vehicle record at the Department of Revenue and Taxation (DRT).…
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