(1) upon receipt of the: (a) properly endorsed certificate of title; (b) certificate of registration; (c) proper application for registration; and (d) required fee; and
(a) properly endorsed certificate of title;
(b) certificate of registration;
(c) proper application for registration; and
(d) required fee; and
(2) when satisfied as to the genuineness and regularity of the transfer and the right of the transferee to a certificate of title.
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