Pennsylvania's Title 75 establishes the Motor Vehicle Transaction Recovery Fund, funded by assessments from motor vehicle dealers and agents. The fund supports vehicle titling and registration processes, with provisions for maintaining a minimum balance and additional assessments if needed. It ensures the Department of Transportation and Revenue have necessary resources for vehicle documentation services.
The fund provides financial resources to the Department of Transportation and Revenue for processing vehicle titling and registration documents.
Every applicant for motor vehicle dealer registration plates or authorization to act as an agent for vehicle titling and registration must pay a $60 assessment.
Yes, if the balance drops below $500,000, the secretary can impose an additional assessment of up to $50 on members to restore the minimum balance.
Yes, no more than one additional assessment can be made against a member within any 12-month period.