MS HB346

Requires all sellers (commercial and private) to provide written notice to buyers if a motor vehicle is salvaged, dismantled, rebuilt, or previously salvaged with an unbranded title; commercial sellers must display notice form on the vehicle's front driver-side door window.

Establishes penalties for violations: first offense $500 fine per occurrence; second or subsequent offense within 3 years results in $1,000 fine, up to 6 months imprisonment, and 1-year revocation of dealer's license.

Creates procedure for obtaining unbranded titles for salvage vehicles that meet specific criteria: vehicle must have major damage in no more than one component part, be less than 7 years old, not be flood-damaged, and be inspected by a certified vehicle inspector before repairs.

Requires owners to submit application to Department of Revenue with vehicle damage disclosure statement and supporting documents for independent determination of unbranded title eligibility; charges fee of at least $75 for processing.

Department of Revenue must investigate and prosecute violations, with all law enforcement agencies required to assist; effective July 1, 2010.