Bad River Band of the Lake Superior Tribe of Chippewa Indians of the Bad River Reservation, Wisconsin - Tribal Law

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Bad River Band of the Lake Superior Chippewa Indians Tribal Code.

15.01.560 Release of Security Interest

Whenever there is not outstanding obligation and not commitment to make advances, incur obligations or otherwise give value, secured by the security interest in a vehicle under any security agreement between the owner and the secured party, the secured party shall execute and deliver to the owner, as the Registrar prescribes, a release of the security interest in the form and manner prescribed by the Registrar. If the secured party fails to execute and deliver such a release within 10 days after the receipt of the owner's written demand therefore he shall be liable to the owner for $25.00 and for any loss caused to the owner by such failure.

Original url: https://law.badriver-nsn.gov/us/nsn/badriver/council/code/15.01.560

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