Date amended:
If the MRCC subsidises the purchase of a motor vehicle for a person, the person is taken to be the legal owner of the motor vehicle.
The motor vehicle cannot be:
sold;
transferred;
encumbered (that is, held as an interest against another debt such as a mortgage); or
otherwise dealt with;
without the Department agreeing in writing.
The person must maintain the motor vehicle in good working order. If the motor vehicle is damaged and the person receives any payment in respect of the damage from an insurer – the person must apply the amount of the payment towards repairing the damage to the motor vehicle or the replacement of the motor vehicle.