Louisiana Administrative Code
Title 55 - PUBLIC SAFETY
Part III - Motor Vehicles
Chapter 3 - License Plates and Removal of Plates, Registrations, and Title Transactions
Subchapter B - Vehicle Registration License Tax
Section III-365 - Valuation of Motor Vehicles Awarded Pursuant to a Judgment of a Court of Limited Jurisdiction
Universal Citation: LA Admin Code III-365
Current through Register Vol. 50, No. 9, September 20, 2024
A. The following guidelines shall be used when determining the value of a motor vehicle, the ownership of which is acquired pursuant to a written judgment of a trial court of limited jurisdiction.
1. If the
written judgment or the written reasons for judgment do not indicate that the
court made a determination as to the value of the motor vehicle, the value
shall be determined pursuant to §355
2. If the written judgment or the written
reasons for judgment contain a determination as to the value of the motor
vehicle, and such value is not less than the value of the vehicle as determined
in §355, then the motor vehicle shall be valued at such amount for
purposes of collecting the vehicle registration license tax.
3. If the written judgment or the written
reasons for judgment contain a determination as to the value of the motor
vehicle, and such value is less than the value of the vehicle as determined in
§355, then the following shall apply.
a.
If the judgment or reasons for judgment contain specific factual findings as to
why that particular value was assigned to the motor vehicle, then the motor
vehicle shall be valued at such amount for purposes of collecting the vehicle
registration license tax.
b. If the
judgment or reasons for judgment do not contain specific factual findings as to
why that particular value was assigned to the motor vehicle, then the motor
vehicle shall be valued pursuant to
§355
B
4. Any judgment that
is not reduced to writing shall not be used in the determination of the value
of the motor vehicle for purposes of this Subchapter.
5. If the person submitting the application
to register the motor vehicle refuses to pay the vehicle registration license
tax as required in §365, the department shall deny or refuse the
transaction.
B. No judgment shall be processed for purposes of titling or registering a motor vehicle unless the written judgment or the written reasons for judgment contain the following information:
1. the make, model,
and model year of the motor vehicle;
2.
a. the
vehicle identification number of the motor vehicle, chassis number, or serial
number as assigned by the manufacturer; or
b. the state police vehicle number assigned
by a commissioned Louisiana state trooper after a physical inspection of the
vehicle if the vehicle does not have a vehicle identification number assigned
by the manufacturer;
3.
the full name of each person or business entity in which the vehicle is to be
titled and registered;
4. the full
name of each person or business entity who sold, transferred, or otherwise
assigned the vehicle to the persons or businesses required to be listed by
§365.
B 3;
5. the full price or other consideration
given in exchange for the vehicle;
6. the date the sale, transfer or assignment
occurred;
7. a statement as to
whether any outstanding liens on the vehicle, which have been recorded with the
Office of Motor Vehicles, have been released.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:463(A)(2).
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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