The Vehicle Registration Marks Act recently became law ( 19th July 2007 ) , it was instigated by the CNDA ( Cherished Number Dealer Association ) and was presented by Richard Ottaway MP.It will change the way a vehicle registration number can be retained.
Previously , when private number plates were taken off a car and put on retention using form V778/1 , the applicant would be the registered keeper who would become the Grantee on the V778 retention certificate.The Grantee was able to nominate a third party as Nominee but this person only had one right and that was to assign the number to a vehicle registered in his name.The Grantee was the only person who could extend the certificate, change the nominee or importantly request a duplicate from DVLA.This created a potential fraud situation whereby a retention number could be sold by the grantee who could then request a duplicate ( which supercedes the original ) and the buyer would lose the registration number.Similarly a buyer could pay the seller to put the registration number on retention and never receive the V778 retention certificate as it would be posted out to the Grantee .
Under the new Bill the applicant...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
