SF3072 Bill Summary

• Defines "recovered intact vehicle" as a stolen vehicle declared a total loss by insurer but subsequently recovered with damage not exceeding 80 percent of its pre-theft value, excluding it from salvage vehicle classification.

• Modifies salvage vehicle requirements to require "salvage" brand for late-model or high-value vehicles with repair costs exceeding 80 percent of actual cash value, and "prior salvage" brand for other damaged vehicles.

• Establishes that recovered intact vehicles are exempt from "prior salvage" title branding requirements under section 325F.6642.

• Requires vehicle damage disclosures exceeding 80 percent of actual cash value to be made in writing on title applications and orally by dealers during sales presentations, with damage calculations excluding inflatable safety restraint replacement costs.

• Effective date is January 1, 2023, with repeals of previous salvage title definition and application provisions.