- (a) A lien recorded upon a title shall immediately be released by the lienholder upon satisfaction of the lien. Upon satisfaction, the lienholder shall release or assign its interest in the vehicle to the owner.
- (b) An owner of a registered vehicle upon which a lien has been satisfied and released shall, within 10 days, apply for a new title, unless title to the vehicle will be transferred or assigned within 30 days of the release of the lien.
(Eff. 7/1/2006, Register 178)
Authority: AS 28.05.011, AS 28.10.401