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OR HB3359
Bill
Status
Failed
6/27/2025
Primary Sponsor
Court Boice
Click for details
AI Summary
- Amends ORS 801.527 to modify the definition of "totaled vehicle" in the Oregon Vehicle Code
- Specifies that a vehicle declared a "financial" total loss by an insurer (rather than just a total loss) qualifies as totaled
- Maintains existing provision that stolen vehicles not recovered within 30 days and not covered by insurance are considered totaled
- Retains the 80% repair cost threshold for uninsured damaged vehicles, where repair costs equal to or exceeding 80% of retail market value classify a vehicle as totaled
- Retail market value continues to be determined by publications used by financial institutions operating in Oregon
Legislative Description
Relating to the definition of a totaled vehicle.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Transportation1/30/2025
Full Bill Text
No bill text available