Sec. A-2. 11 MRSA §9-1324, sub-§(1), as enacted by PL 1999, c. 699, Pt. A, §2 and affected by §4, is amended to read:

(1) Except as otherwise provided in subsection (7), a perfected purchase-money security interest in goods other than inventory or livestock has priority over a conflicting security interest in the same goods, and, except as otherwise provided in section 9-1327, a perfected security interest in its identifiable proceeds also has priority, if the purchase-money security interest is perfected when the debtor receives possession of the collateral or within 20 days thereafter.:

(a)__In the case of goods covered by Title 29-A, chapter 7, within 30 days thereafter; or

(b)__In all other cases, within 20 days thereafter.

Sec. A-3. 29-A MRSA §603, sub-§4, as amended by PL 2003, c. 235, §1, is further amended to read:

4. Penalty. If an application, certificate of title or other document required to be delivered to the Secretary of State is not delivered to the Secretary of State within 20 30 days, the Secretary of State shall collect $125 $50 as a penalty.

Sec. A-4. 29-A MRSA §654, sub-§2, as enacted by PL 1993, c. 683, Pt. A, §2 and affected by Pt. B, §5, is amended to read:

2. Purchased from the dealer. If the application is for a vehicle purchased from a dealer, in addition to the requirement set forth in subsection 1, the application must be signed by the dealer and must contain the name and the address of any lienholder or assignee holding an interest created or reserved at the time of sale and the date of the lien. The dealer shall, within 20 30 days after the sale, deliver the application to the Secretary of State. The dealer must deliver a copy of the application to the lienholder.

Sec. A-5. 29-A MRSA §667, sub-§1, ķA, as amended by PL 1997, c. 776, §25, is further amended to read: