This law outlines the process for redeeming a watercraft trailer in Pennsylvania, including the necessary charges and expenses. It specifies the timeline and conditions under which the trailer is forfeited and details the rights of good faith purchasers after forfeiture.
You can request the dealer to provide the amount needed for redemption, which includes charges for repairs, storage, and related expenses. Upon payment, the dealer must return the trailer to you.
The trailer is deemed forfeited to the dealer, and they can apply for a certificate of title, terminating any prior rights or interests.
Yes, a purchaser in good faith can buy the trailer after forfeiture and will take ownership free of any liens or encumbrances.
The redemption amount covers charges for repair, restoration, storage, cleaning, brokerage, and reasonable mailing and publication expenses related to notices.