How long must a lienholder wait before selling a vehicle valued over $4,000?

The correct answer indicates that a lienholder must wait at least 31 days after notice is mailed before selling a vehicle valued over $4,000. This period is established to ensure that the original owner has a fair chance to address any outstanding liens or obligations before the vehicle is sold. The requirement aims to provide adequate notice and a timeframe for the owner to potentially redeem the vehicle, thus protecting their rights and interests.

A shorter notice period would not provide enough time for the owner to react, while a longer period might unnecessarily delay the lienholder's ability to recover the owed amount. Therefore, the 31-day window is a balance between ensuring due process and allowing the lienholder to proceed with recourse for their financed investment.