S1101B1624A06884 RAR:NLG 04/19/18 #90 A06884
AMENDMENTS TO SENATE BILL NO. 1101
Sponsor: SENATOR STEFANO
Printer's No. 1624
Amend Bill, page 3, line 8, by striking out "or insurer"
Amend Bill, page 3, by inserting between lines 14 and 15
(3) If an owner has received a certificate of salvage
branded as a theft vehicle after a payment has been made and
the stolen vehicle is located and thereafter passes an
inspection by a licensed physical damage appraiser in which
the damage does not rise to the level of paragraph (2), the
owner may apply to the department for an unbranded title. A
legible copy of the vehicle damage appraisal report completed
by an insurer or licensed physical damage appraiser must
accompany an application under this paragraph. The damage
appraisal report shall include the replacement value of the
vehicle.
(4) An individual who has not been paid the replacement
value for the vehicle and has not received a certificate of
salvage may use the existing certificate of title without
applying for a new title.
Amend Bill, page 3, lines 15 and 16, by striking out "of a
theft vehicle "
Amend Bill, page 3, line 20, by striking out "60" and
inserting
180
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