WV HB2948

Removes the $9,500 loan value cap that previously limited which abandoned or junked vehicles automobile dealers, licensed automobile auctions, motor vehicle repair facilities, and towing companies could obtain titles for

Allows these businesses to file for a certificate of title and registration for any abandoned vehicle left on their property, regardless of the vehicle's value

Eliminates the automatic five-year adjustment to the loan value threshold based on the Consumer Price Index

Requires the vehicle to be abandoned on the business's property and either have an unidentifiable owner, no owner address on file, untraceable lienholders, or go unclaimed after proper notice

Permits the business to sell the vehicle at private sale or public auction once they receive the certificate of title and registration