Requires secured party to deliver motor vehicle certificate of ownership by certified mail.

This bill requires lenders, sellers, or other secured parties to deliver a motor vehicle's title (certificate of ownership) to the buyer via certified mail with return receipt after a loan or security agreement is paid off. It mandates that the secured party also file proof of the payment with the state within 15 days. The law applies specifically to the transfer of vehicle titles once a debt is satisfied, replacing the current lack of specified delivery requirements. This change ensures a secure, trackable method for transferring title documents.