(d) Transferring of certificate of title for abandoned
vehicles.--For the purpose of facilitating expedited title
transfer of an abandoned vehicle at a wholesale vehicle
auction's property, the department shall establish a form on
which a wholesale vehicle auction shall certify that a vehicle
is an abandoned vehicle under this section. The form shall
contain a full description of the vehicle, the vehicle
identification number, odometer reading, date of purchase by
dealer and any other information or documents the department
requires to identify the vehicle and shall be accompanied with
the required fee. Upon receipt of an application by a wholesale
vehicle auction for an expedited title, the department shall
process and send a certificate within 15 days. The following
shall apply:
(1) If a wholesale vehicle auction follows the
procedures outlined in this section and the abandoned vehicle
remains unclaimed, the wholesale vehicle auction may submit
an application for certificate of title to the department.
(2) The proper form, along with copies of all
documentation required under this subsection, shall be
forwarded to the department.
(3) If the department determines that a new certificate
of title should be issued, an abandoned vehicle branded title
shall be issued to the wholesale vehicle auction.
(4) After an abandoned vehicle branded title is issued
under paragraph (3), the vehicle shall be offered for sale at
auction by the wholesale vehicle auction. Notice shall be
provided to prospective buyers that the title has been
branded as a former abandoned vehicle.
(5) The wholesale vehicle auction shall be reimbursed
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