H1240B3124A06382 BIL:CMD 04/11/18 #90 A06382
AMENDMENTS TO HOUSE BILL NO. 1240
Sponsor: REPRESENTATIVE MARSHALL
Printer's No. 3124
Amend Bill, page 5, line 1, by striking out "(2)"
Amend Bill, page 5, line 9, by striking out all of said line
and inserting
(1) If the cost of repairs exceeds the replacement value
of the vehicle, the theft-branded certificate of salvage
shall serve as an ownership document. If the vehicle
thereafter passes the reconstructed salvage vehicle
inspection requirements under section 1165 (relating to
reconstructed vehicles), it shall receive a certificate of
title branded reconstructed and recovered-theft vehicle.
Amend Bill, page 5, by inserting between lines 21 and 22
(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.
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See A06382 in
the context
of HB1240