Motor Vehicle Theft Prevention Act

[AI summary unavailable — showing source text] Motor Vehicle Theft Prevention Act - Title I: Findings and Purposes - States the findings and purposes of the Act. Title II: Improved Security for Motor Vehicles and Their Parts - Authorizes the Secretary of Transportation to establish standards for motor vehicle safety which include standards to reduce motor vehicle theft by taking into account: (1) the costs and benefits of implementing such standards; (2) the effect of such implementation on automobile insurance costs; (3) savings in terms of time and convenience; and (4) safety considerations. Title III: Antifencing Measures - Establishes penalties for anyone who knowingly removes, obliterates, tampers with, or alters any identification number for any motor vehicle or motor vehicle part required under Department of Transportation regulations. Requires the forfeiture of such motor vehicle or motor vehicle part to the United States, but provides for mitigation of forfeiture whenever an interested person makes an appropriate petition. Establishes penalties for anyone who buys, receives, possesses, or obtains control of, with intent to sell or otherwise dispose of, any motor vehicle or motor vehicle part knowing that such identific…