New York — Statute

2121 – 2121 | New York Law

Learn about New York's 2121 law, including definitions, penalties, and legal implications.

Legal Content

2121 – 2121

New York Vehicle & Traffic § 2121

Statute Summary

NY VAT § 2121 - Release of security interest 2121. Release of security interest. (a) Upon the satisfaction of a security interest in a vehicle the lienholder shall immediately upon clearance of payment execute a release of his security interest in a manner prescribed by the commissioner and mail or deliver the release to the owner or any person who delivers to the lienholder an authorization from the owner to receive the certificate. Payment sufficient to satisfy the sec

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Explain Like I'm 5

In simple terms: Learn about New York's 2121 law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.