Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if the Titles Administrator approves the transfer of a title.
(2) The Titles Administrator must immediately endorse a memorandum of approval on the instrument of transfer.
(3) The Titles Administrator must enter in the Register a memorandum of:
(b) the name of the transferee or of each transferee.
(4) On the entry in the Register of the memorandum:
(a) the transfer is taken to be registered; and
(b) the transferee becomes the registered holder, or the transferees become the registered holders, of the title.
(5) If the transfer is registered:
(a) a copy of the instrument of transfer endorsed with the memorandum of approval must be:
(i) retained by the Titles Administrator; and
(ii) made available for inspection in accordance with this Chapter; and
(b) if the instrument of transfer was provided in hard copy--the instrument of transfer endorsed with the memorandum of approval must be returned to the person who applied for approval of the transfer; and
(c) if the instrument of transfer was provided electronically--a
copy of the instrument of transfer endorsed with the memorandum of approval
must be given to the person who applied for approval of the transfer.