Which of the following statements is true regarding PTI fees?

The statement regarding PTI fees that is correct indicates that these fees are only paid during ownership changes. In the context of used cars and dealership practices, PTI stands for Personal Transportation Identifier, which pertains to fees associated with vehicle registration upon the transfer of ownership. This means that whenever a vehicle changes hands from one owner to another, the applicable PTI fees must be paid to ensure that the new owner is officially recognized in the system.

This is crucial for keeping accurate and updated records for vehicle ownership and ensuring compliance with state regulations. The timing of these fees reinforces the importance of proper documentation during sales and transfers, making it clear that they are not an ongoing obligation but rather a specific fee triggered by the change in ownership status.

In contrast, statements about annual payments, refundability, or comparison to standard registration fees do not accurately reflect the specific nature of PTI fees and their purpose within vehicle ownership transitions.