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IN HB1124
Bill
Status
1/7/2019
Primary Sponsor
Jeff Ellington
Click for details
AI Summary
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Indiana BMV may issue salvage titles to vehicles designated "JUNK," "DISMANTLED," "SCRAP," or "DESTROYED" in other states, which were previously prohibited from being titled in Indiana
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Owners must submit the out-of-state title, two photographs showing vehicle damage, and two repair estimates proving costs do not exceed 75% of fair market value
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Vehicles titled under the new exception must bear "JUNK - SALVAGE TITLE" designation, with "FLOOD DAMAGED" notation added if applicable
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Rebuilt vehicles that went through this process must be marked "JUNK - REBUILT VEHICLE" or "JUNK - REBUILT FLOOD DAMAGED VEHICLE" on their titles
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Effective date: July 1, 2019
Legislative Description
Certificates of title. Provides that the bureau of motor vehicles may issue a salvage title to a vehicle designated as "JUNK" in certain situations.
Last Action
First reading: referred to Committee on Roads and Transportation
1/7/2019