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006.05.404-2. Definitions.

AR ADC 006.05.404-2Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 404. 1995-1 Odometer Disclosure Requirements
Ark. Admin. Code 006.05.404-2
006.05.404-2. Definitions.
(1) “Owner” means a person, other than a secured party, having the property in or title to a vehicle. The term includes a person entitled to the use and possession of a vehicle subject to a security interest in another person, but excludes a lessee under a lease not intended as security;
(2) “Motor vehicle” means any self-propelled vehicle not operated exclusively upon railroad tracks except snowmobiles and other devices designed and used primarily for the transportation of persons over natural terrain, snow or ice and propelled by wheels, skies, tracks, runners, or whatever other means;
(3) “Person” means an individual, firm, partnership, agent for the person, incorporated and unincorporated association, or any other legal or commercial entity;
(4) “Lessee” means any person, or the agent for any person to whom a motor vehicle has been leased for a term of at least four (4) months;
(5) “Lessor” means any person, or the agent for any person, who has leased five (5) or more motor vehicles to a lessee in the past twelve (12) months;
(6) “Mileage” means actual distance that vehicle has traveled;
(7) “Secure printing process or other secure process” means any process which deters and detects counterfeiting and/or unauthorized reproduction and allows alterations to be visible to the naked eye;
(8) “Transferee” means any person to whom ownership of a motor vehicle is transferred by purchase, gift, or any means other than by the creation of a security interest, and any person who, as agent, signs an odometer disclosure statement for the transferee.
(9) “Transferor” means any person who transfers his ownership of a motor vehicle by sale, gift, or any means other than by the creation of a security interest, and any person who, as agent, signs an odometer disclosure statement for the transferor.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.404-2, AR ADC 006.05.404-2
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