SB 307
Modifies provisions relating to salvage vehicles
Sponsor:
LR Number:
1451S.01I
Last Action:
2/23/2021 - Hearing Conducted S Transportation, Infrastructure and Public Safety Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 307 - This act modifies a category of vehicle defined to be a "salvage vehicle" by removing the requirement that the damage to the vehicle occurred no more than 6 years after the vehicle's designated model year, and by providing that the definition shall not apply when the vehicle was damaged during a year that is more than 6 years after the vehicle's designated model year and an owner retains ownership of the vehicle. (Section 301.010(54)(a))

The act also repeals a provision of law specifying that application for a salvage title shall be mandatory for purchasers when a vehicle is purchased for salvage, dismantling, or rebuilding within 6 years after its model year, but is optional if the vehicle is purchased more than 6 years after the vehicle's model year. (Section 301.227.1)

This act is similar to SB 1001 (2020) and HB 2344 (2020).

ERIC VANDER WEERD

Amendments

No Amendments Found.