MS HB267

Reduces the time period for insurance companies to obtain a certificate of title after paying a total loss settlement from 30 days to 15 days before requesting a salvage or parts-only title from the Department of Revenue

Allows insurers and their agents to attest on department forms that they made at least two attempts to obtain the title, rather than providing written documentation of those attempts

Permits notice to vehicle owners via electronic means including email, mobile apps, or internet-accessible sites, in addition to first-class mail

Authorizes auction firms holding vehicles on behalf of insurers to release vehicles to owners or lienholders when the insurer does not take ownership, with 30-day notice requirements sent by certified mail

Allows auction firms to obtain a lien-free salvage or parts-only certificate of title if owners or lienholders fail to pick up vehicles within 30 days of notice, with the vehicle considered abandoned