Bill Text: TX HB3408 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the purchase of a vehicle on which a total loss has been made by an insurer.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-16 - Referred to Transportation [HB3408 Detail]
Download: Texas-2023-HB3408-Introduced.html
| 88R13837 TYPED | ||
| By: Harris of Williamson | H.B. No. 3408 | |
|
|
||
|
|
||
| relating to the purchase of a vehicle on which a total loss has been | ||
| made by an insurer. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter E, Chapter 501, Transportation Code, | ||
| is amended by adding Section 501.098 to read as follows: | ||
| Sec. 501.098. TITLE NOT REQUIRED. Notwithstanding any | ||
| other provision of law, a metal recycler or used automotive parts | ||
| recycler may purchase from an insurer a vehicle on which a total | ||
| loss payment has been made by an insurer without obtaining a | ||
| certificate of title or salvage certificate for the vehicle if the | ||
| following apply: | ||
| (1) The vehicle is purchased from an insurer by a metal | ||
| recycler or used automotive parts recycler solely for the purposes | ||
| of recycling parts, dismantling or scrap. | ||
| (2) The metal recycler or used automotive parts | ||
| recycler submits to the department a form, prescribed and furnished | ||
| by the department and posted on the department's publicly | ||
| accessible Internet website, that contains the following: | ||
| (a) The vehicle information, including year, | ||
| make, model and vehicle identification number; | ||
| (b) Insurer information; | ||
| (c) Metal recycler or used automotive parts | ||
| recycler information; | ||
| (d) Anticipated method and date of final | ||
| disposition of the dismantled vehicle; | ||
| (e) An attestation by an authorized | ||
| representative of the metal recycler or used automotive parts | ||
| recycler that the vehicle is being purchased solely for the | ||
| purposes of recycling parts, dismantling or scrap; and | ||
| (f) A bill of sale that memorializes the transfer | ||
| of the vehicle between the insurer and the vehicle salvage dealer. | ||
| (3) The metal recycler or used automotive parts | ||
| recycler does not begin the dismantling or destruction of a vehicle | ||
| until two business days following the submission of the documents | ||
| listed under paragraph (2). | ||
| SECTION 2. This Act takes effect September 1, 2023. | ||
