Bill Text: VA SB1416 | 2011 | Regular Session | Enrolled

Virginia Senate Bill 1416 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Vehicles damaged by water; increases threshold for reporting water damage, etc.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2011-03-26 - Governor: Acts of Assembly Chapter text (CHAP0678) [SB1416 Detail]

Download: Virginia-2011-SB1416-Enrolled.html

VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to amend and reenact § 46.2-624 of the Code of Virginia, relating to vehicles damaged by water. [S 1416] Approved

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Be it enacted by the General Assembly of Virginia:

1. That § 46.2-624 of the Code of Virginia is amended and reenacted as follows:

§ 46.2-624. Information required on transfer of titles of taxicabs or vehicles damaged by water.

A. Unless there is attached to the certificate of title of the vehicle a statement signed by the owner to the effect that the vehicle has been used as a taxicab ~~or has been damaged by water~~, it shall be unlawful for any person knowingly to sell, transfer, or otherwise dispose of any motor vehicle that:

~~1. Has~~ has been used as a taxicab~~, or~~

2. Has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $1,000 or more because of this water damage or has determined the motor vehicle to be a total loss.

B. Violation of subsection A ~~of this section~~ shall constitute a Class 1 misdemeanor.

C. When a vehicle has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $3,500 or more because of this water damage, the insurance company shall report the payment of such claim to the Department.

D. On receipt of a certificate of title to which the information required in subsection A ~~of this section~~ is attached or upon receipt of information from an insurance company pursuant to subsection C, the Commissioner shall, on issuing a new certificate of title, place an appropriate indicator upon such certificate in order to convey that information to the new owner of the motor vehicle.