By Donya Parrish, MCU VP- Risk Management
We have just learned that the motor vehicle filing fee will increase back up to $8 as of July 1. It was a very late addition to the large budget bill at the end of the session. The MVD staff told us a few times they did not anticipate changes, but as you know, the legislative session is never predictable.
Here is the verbiage from HB 693:
(8) (a) A fee must be paid to the department to file any security interest or other lien against a motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile. The fee covers the cost of entering and, upon the subsequent satisfaction or release, of removing the security interest or lien from the electronic record of title.
(b) Beginning January 1, 2002, and ending June 30, 2019, the The fee to file a lien is $8. Of the $8 fee, $4 must be deposited in the state general fund in accordance with 15-1-504. The remaining $4 must be forwarded to the state for deposit in the motor vehicle information technology system account provided for in 61-3-550.
(c) Beginning July 1, 2019, the fee is $4 and must be deposited in the state general fund.
The fee will actually be $8.24 since the 3% is added to all transactions. Motor Vehicle Division has communication planned soon that we will pass along to you. In the meantime, I would recommend you make any necessary changes with dealers and counties that you work with. Any questions you have now can likely be answered by your counties too.