Page:United States Statutes at Large Volume 108 Part 2.djvu/334

 108 STAT. 1050 PUBLIC LAW 103-272—JULY 5, 1994 (4) The regulations prescribed by the Secretary shall provide the way in which information is disclosed and retained under this section. (b) MILEAGE STATEMENT REQUIREMENT FOR LICENSING.—(1) A motor vehicle the ownership of which is transferred may not be licensed for use in a State unless the transferee, in submitting an application to a State for the title on which the license will be issued, includes with the application the transferor's title and, if that title contains the space referred to in paragraph (3)(A)(iii) of this subsection, a statement, signed and dated by the transferor, of the mileage disclosure required under subsection (a) of this section. This paragraph does not apply to a transfer of ownership of a motor vehicle that has not been licensed before the transfer. Regulations. (2)(A) Under regulations prescribed by the Secretary, if the title to a motor vehicle issued to a transferor by a State is in the possession of a lienholder when the transferor transfers ownership of the vehicle, the transferor may use a written power of attorney (if allowed by State law) in making the mileage disclosure required under subsection (a) of this section. Regulations prescribed under this paragraph— (i) shall prescribe the form of the power of attorney; (ii) shall provide that the form be printed by means of a secure printing process (or other secure process); (iii) shall provide that the State issue the form to the transferee; (iv) shall provide that the person exercising the power of attorney retain a copy and submit the original to the State with a copy of the title showing the restatement of the mileage; (v) may require that the State retain the power of attorney and the copy of the title for an appropriate period or that the State adopt alternative measures consistent with section 32701(b) of this title, after considering the costs to the State; (vi) shall ensure that the mileage at the time of transfer be disclosed on the power of attorney document; (vii) shall ensure that the mileage be restated exactly by the person exercising the power of attorney in the space referred to in paragraph (3)(A)(iii) of this subsection; (viii) may not require that a motor vehicle be titled in the State in which the power of attorney was issued; (ix) shall consider the need to facilitate normal commercial transactions in the sale or exchange of motor vehicles; and (x) shall provide other conditions the Secretary considers appropriate. (B) Section 32709(a) and (b) applies to a person granting or granted a power of attorney under this paragraph. (3)(A) A motor vehicle the ownership of which is transferred may be licensed for use in a State only if the title issued by the State to the transferee— (i) is produced by means of a secure printing process (or other secure process); (ii) indicates the mileage disclosure required to be made under subsection (a) of this section; and (iii) contains a space for the transferee to disclose the mileage at the time of a future transfer and to sign and date the disclosure.

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