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2010 SESSION
10104479DBe it enacted by the General Assembly of Virginia:
1. That § 46.2-624 of the Code of Virginia is amended and reenacted as follows:
§ 46.2-624. Information required on transfer of titles of taxicabs or vehicles damaged by water.
A. Unless there is attached to the certificate of title of the vehicle a statement signed by the owner to the effect that the vehicle has been used as a taxicab or has been damaged by water, it shall be unlawful for any person knowingly to sell, transfer, or otherwise dispose of any motor vehicle that:
1. Has been used as a taxicab,; or
2. Has been damaged by water to such an extent that the
insurance company insuring it has paid a claim of $1,000 $5,000
or more because of this water damage or has determined the motor vehicle to be
a total loss. Vehicles damaged to the extent that they meet the definition
of a salvage vehicle in § 46.2-1600 shall be titled in accordance with the
provisions of § 46.2-1603.
B. Violation of subsection A of this section shall
constitute a Class 1 misdemeanor.
C. On receipt of a certificate of title to which the
information required in subsection A of this section is attached, the
Commissioner shall, on issuing a new certificate of title, place an appropriate
indicator upon such certificate in order to convey that information to the new
owner of the motor vehicle.