Filing of application and issuance of certificate of title; assignment
of certificate form
Sec. 12. (a) The bureau shall file each application received. If the
bureau is satisfied:
(1) of the genuineness and regularity of an application;
(2) that no tax imposed by IC 6-2.5 is owed as evidenced by the
receipt for payment or determination of exemption from the
department of state revenue; and
(3) that the applicant is entitled to the issuance of a certificate
of title;
the bureau shall issue a certificate of title containing the information
required in the application for a certificate of title, as prescribed by
section 7 of this chapter, as well as space for the notation and
cancellation of a lien, a mortgage, or an encumbrance.
(b) A form for the assignment of the certificate of title must
appear on the reverse side of the certificate of title. The assignment
form must include a warranty that the signer is the owner of the
watercraft and that a mortgage, a lien, or an encumbrance is not on
the watercraft except as noted on the face of the certificate of title.
As added by P.L.71-1991, SEC.11.
Last modified: May 27, 2006