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Owner of RecordThe Owner of Record represents the owner of a vehicle or vessel as stated on the current title (or other evidence or ownership) for the vehicle or vessel. It does not necessarily represent the registrant, although the registrant is normally the same person (or business), it is possible that a lessee of a vehicle could be the registrant, while the Owner of Record would still be the lessor. Also, Owner of Record does not represent a lienholder -- although lienholders do have a security interest in the vehicle, they are not identified as Owners in this model -- they are represented in the "Lienholder" entity. Note: that the owner of record is not always the current owner. The paper title may have recorded a new owner that is not recorded in the information system. |
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