HB 428 Summary

• Allows property owners and insurers to obtain titles for abandoned vehicles after notifying previous owners/lienholders 30 days in advance and conducting law enforcement inspections to verify the vehicle is not stolen.

• Permits insurers to obtain salvage or junking certificates for vehicles purchased through claims adjustment when the original title cannot be obtained, after making at least two written attempts to contact the vehicle owner.

• Establishes a new procedure allowing insurers to satisfy vehicle liens by obtaining letters of guarantee from lienholders, paying the specified amount within 10 days, and submitting proof of payment to the Department of Revenue instead of obtaining formal lien releases.

• Clarifies that schools and colleges using leased vehicles as courtesy or driver training vehicles may register as temporary owners and exempts driver training vehicles from displaying registration plates when plainly marked as such.

• Modifies the definition of "political subdivision" to explicitly include sheltered workshops and interstate compact agencies operating public mass transportation systems.