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AR SB334
Bill
Status
3/28/2017
Primary Sponsor
Jason Rapert
Click for details
AI Summary
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Requires insurers to surrender salvage vehicle titles to the Office of Motor Vehicle within 30 days of acquisition, or notify the office if the insurer does not take title.
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Allows insurers and non-insurer owners to exchange titles for salvage certificates or parts-only titles if the vehicle is 8 or more model years old before the calendar year of occurrence.
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Requires the Office of Motor Vehicle to attach a note or stamp to title copies indicating salvage status, which remains in place until a salvage vehicle title is issued.
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Changes the age threshold for branded title applicability from 7 model years old "prior to" to 8 or more model years old "before" the calendar year of occurrence.
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Requires any branded title to retain the salvage brand for the life of the motor vehicle.
Legislative Description
To Amend The Law Concerning The Branding Of A Title.
Last Action
Notification that SB334 is now Act 651
3/28/2017