Bill Text: IL HB4855 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Illinois Vehicle Code. Makes a technical change in a Section concerning certificates of title and salvage certificates.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-04-08 - Rule 19(a) / Re-referred to Rules Committee [HB4855 Detail]

Download: Illinois-2015-HB4855-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB4855 Introduced , by Rep. Jim Durkin SYNOPSIS AS INTRODUCED:
625 ILCS 5/3-118.1 from Ch. 95 1/2, par. 3-118.1
Amends the Illinois Vehicle Code. Makes a technical change in a Section concerning certificates of title and salvage certificates.
LRB099 17985 AXK 42348 b
A BILL FOR
HB4855 LRB099 17985 AXK 42348 b
AN ACT concerning transportation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Vehicle Code is amended by changing
Section 3-118.1 as follows:
(625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)
Sec. 3-118.1. Whenever a certificate of title is issued for
a vehicle with respect to which a salvage certificate has been
previously issued, the the new certificate of title shall bear
the notation "REBUILT". However, insurance companies or
persons licensed under Section 5-301 who are also licensed as a
used vehicle dealer under Section 5-102 of this Code may
exchange a salvage certificate for a certificate of title which
does not bear the notation "REBUILT" when there is submitted
with the application satisfactory proof that the salvage
certificate was obtained because of a claim of total loss from
theft and the vehicle was recovered without structural damage
caused by collision, fire, flood, theft, rust, or corrosion.
The Secretary may adopt rules governing the issuance of titles
authorized under this Section.
(Source: P.A. 89-189, eff. 1-1-96.)