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MN SF3090

Bill

Official Source

Status

Introduced

3/8/2018

Primary Sponsor

John Jasinski

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Requires insurers licensed in Minnesota to immediately apply for a salvage certificate of title or stamp existing titles when acquiring vehicle ownership through damage payment
  • Mandates insurers notify the department within ten days of obtaining a vehicle title through damage payment
  • Requires persons acquiring damaged out-of-state titled vehicles to apply for salvage certificates if the vehicle was acquired by an insurer, has repair costs exceeding vehicle value, or has an out-of-state salvage title
  • Requires self-insured vehicle owners to immediately apply for a salvage certificate of title when damage exceeds 80 percent of the vehicle's actual cash value

Legislative Description

Class of motor vehicles requiring a salvage certificate of title modification

Last Action

General Orders: Stricken and re-referred to Finance

3/29/2018

Committee Referrals

Finance3/29/2018
Transportation Finance and Policy3/8/2018

Full Bill Text

No bill text available