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ID S1008
Bill
Status
3/21/2013
Primary Sponsor
Transportation Committee
Click for details
AI Summary
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Transfers responsibility for issuing salvage certificates of title from insurance companies and salvage pools to the Idaho Department of Transportation, with insurers and salvage pools submitting applications instead.
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Requires insurers and salvage pools to submit ownership documents, salvage certificate applications, $15 filing fees, and other required documents to the department within 30 days of receiving properly released title documents.
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Allows insurers or salvage pools to apply for salvage certificates without original ownership documents if they provide a sworn statement showing at least two written attempts to obtain the document from the owner within 30 days of settlement.
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Mandates that a "theft recovery" notation appear on both the certificate of title and title record when an insurer acquires a vehicle through a theft claim settlement and the vehicle is later recovered in non-salvage condition.
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Makes it a misdemeanor, punishable by up to six months in jail and/or $1,000 fine, if a retained salvage vehicle owner fails to surrender the title and obtain a salvage certificate or fails to disclose total loss status to a buyer.
Legislative Description
Amends existing law relating to motor vehicle salvage certificates and salvage pools to provide for the submission of applications for salvage certificates by insurance companies and salvage pools, to provide for the issuance of salvage certificates by the department and to provide for the notation "theft recovery."
MOTOR VEHICLE SALVAGE CERTIFICATES
Last Action
Signed by Governor on 03/21/13 Session Law Chapter 89 Effective: 07/01/13
3/21/2013