Bill Title: Amends the Illinois Vehicle Code. Provides that a repossessed vehicle, fleet vehicle, or flood vehicle that has been damaged in excess of 50% (instead of 33 1/3%) of its fair market value shall be considered to be salvage. Provides that a flood vehicle that has sustained damage greater than 50% (rather than 33 1/3%) of its fair market value with that damage shall be required to complete a successful inspection before being issued a new certificate of title.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Passed) 2021-08-06 - Public Act . . . . . . . . . 102-0319
[SB1545 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2021-08-09 | HTML/Text | Link | View |
| Enrolled | 2021-05-28 | HTML/Text | Link | View |
| Engrossed | 2021-04-22 | HTML/Text | Link | View |
| Introduced | 2021-02-26 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB1545 currently on file. |
