MO HB2758

Salvage dealers and salvage pool operators must keep electronic records of all sales of vehicles with branded titles (salvage, junk, wrecked, nonrepairable), including vehicle information, purchaser identification, and seller details for three years

Purchasers of branded-title vehicles must provide documented proof of required licenses or, if from jurisdictions without similar licensing, a declaration under penalty of perjury that they are authorized to purchase salvage vehicles

The Department of Revenue must contract with a third-party data consolidator connected to the National Motor Vehicle Title Information System (NMVTIS) to receive and maintain records of all reported transactions

Sellers and unlicensed purchasers of branded-title vehicles must report all acquisition, transfer, or disposal transactions to the department within seven days

Knowingly failing to report transactions to the statewide database constitutes a civil infraction punishable by up to $1,000 per infraction