South Carolina Notice of Public Sale of Vehicle
Description
How to fill out South Carolina Notice Of Public Sale Of Vehicle?
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FAQ
A signed Bill of Sale/Buyer's Order is required for all title transactions showing the total sale prices of the vehicle, minus any trade-in value. The buyer's signature is required on the Bill of Sale.
(A) Intangible property held for the owner by a court, state, or other government, governmental subdivision or agency, public corporation, or public authority which remains unclaimed by the owner for more than five years after becoming payable or distributable is presumed abandoned.
Every officer authorized to direct or regulate traffic or to make arrests for violations of vehicular and traffic laws is a "police officer." HISTORY: 1962 Code Section 46-246; 1952 Code Section 46-246; 1949 (46) 466. SECTION 56-5-430. Street defined; highway defined.
If the owner fails to claim and remove the vehicle within 30 days after the mailing of notice, the title will be issued to the removal agency.
If the vehicle is not reclaimed within thirty days after the notice is sent, the vehicle is considered abandoned and may be sold by the magistrate pursuant to the procedures set forth in Section 29-15-10.
Complete DMV form TR-2 Report of Abandoned, Derelict or Unclaimed Vehicles or Motor Homes, listing all vehicles that you're reporting or for which you're requesting information. Be sure to complete Page 1 and Page 2 of the form if you are requesting personal owner information, as well as reporting vehicles.
What is a holder's obligation under the South Carolina Uniform Unclaimed Property Act? The Act requires all holders examine their records each year to determine whether they are in possession of any unclaimed property and if so, attempt to locate the rightful owners of accounts of $50 or more.