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2019 SESSION

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SB 1364 Salvage vehicles; removes requirement that a vehicle be late model.

Introduced by: John A. Cosgrove, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Salvage vehicles. Removes the requirement that a vehicle be late model in order to meet the definition of salvage vehicle due to having been (i) acquired by an insurance company as part of the claims process or (ii) damaged to the extent that its estimated cost of repair would exceed its value before the damage minus the salvage value. The bill expands corresponding reporting requirements to require application for a salvage certificate for certain early model vehicles. The bill also removes the requirement that a vehicle be late model in order to meet the definition of rebuilt vehicle.


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