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FL S1350
Bill
AI Summary
- Expands Florida's salvage law (s. 319.30) to include vessels alongside motor vehicles and mobile homes, allowing independent entities to temporarily store, release, and apply for certificates of title or destruction for damaged or dismantled vessels
- Adds major component parts specific to electric, hybrid, and plug-in hybrid vehicles, including electric traction motors, traction battery packs, power electronics controllers, onboard chargers, and related components
- Requires that when an owner retains possession of a total-loss motor vehicle or mobile home, the Department of Highway Safety and Motor Vehicles must issue the salvage certificate of title or certificate of destruction directly to the owner rather than to the insurance company or its agent
- Shields the Department of Highway Safety and Motor Vehicles from liability to owners, lienholders, or any other persons resulting from issuance of salvage certificates of title or certificates of destruction under the 30-day insurance company process
- Prohibits independent entities from charging vessel owners storage fees or applying for titles under lien-related statutes (s. 713.585 or s. 713.78), and requires unclaimed vessel applications to indicate "Hull Damaged" when applicable; effective date is July 1, 2024
Legislative Description
Salvage
Last Action
Chapter No. 2024-218
6/3/2024
Committee Referrals
Fiscal Policy1/30/2024
Environment and Natural Resources1/25/2024
Full Bill Text
No bill text available