TITLE: Relating to the purchase of a vehicle on which a total loss has been made by an insurer.

SUMMARY: Relating to the purchase of a vehicle on which a total loss has been made by an insurer.

FULL TEXT:
AN ACT 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.