La. Admin. Code tit. 55 § III-351

Current through Register Vol. 50, No. 9, September 20, 2024
Section III-351 - Definitions
A. As used in this Subchapter, the following terms have the meanings described below.

Acquired- any transfer of full ownership from one juridical person to another including but not limited to sales, dations, donations, exchanges, or inheritances.

Assistant Secretary- the assistant secretary of the Department of Public Safety and Corrections, Office of Motor Vehicles.

Damage- the dollar value of repairs to the motor vehicle necessary to return the motor vehicle to its fair market value.

Department- the Department of Public Safety and Corrections, Office of Motor Vehicles.

Low Bills of Sale- values determined to be below the full loan value as shown by the most current N.A.D.A. Official Used Car Guide, South-Western Edition (or its successor).

Motor Vehicle- each passenger carrying automobile, van, or other motor vehicle carrying only passengers and their personal effects exclusively, not meeting the requirements of R.S. 47:463.5 or using or operating on rails or upon permanent tracks and operated only for personal use.

N.A.D.A. Official Older Used Car Guide- periodical published by the National Appraisal Guide, Inc., which contains value projections of used motor vehicles for years not covered by the N.A.D.A. Official Used Car Guide, South-Western Edition.

N.A.D.A. Official Used Car Guide, South-Western Edition- periodical published by N.A.D.A. Official Used Car Guide Company which contains value projections of used motor vehicles.

Trial Court of Limited Jurisdiction- a court other than a district court having jurisdiction over civil matters including but not limited to city courts, parish courts, justice of the peace courts, and mayor's courts.

Value Guide to CARS of Particular Interest- periodical published by CPI, Ltd., which contains value projections of domestic and imported collectible cars produced since 1946.

La. Admin. Code tit. 55, § III-351

Promulgated by the Department of Public Safety and Corrections, Office of Motor Vehicles, LR 23:1323 (October 1997), amended LR 24:475 (March 1998).
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:463(A)(2).