HLS 22RS-1062 ORIGINAL 2022 Regular Session HOUSE BILL NO. 604 BY REPRESENTATIVE DAVIS MOTOR VEHICLES: Provides for the transfer of ownership of a vehicle to an insurer 1 AN ACT 2To enact R.S. 32:707(B)(3), relative to the transfer of ownership of a vehicle; to provide for 3 the transfer of ownership to an insurer resulting from a claim settlement; and to 4 provide for related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 32:707(B)(3) is hereby enacted to read as follows: 7 ยง707. Application for certificates of title; exception; salvage title; antique vehicles; 8 reconstructed title 9 * * * 10 B. 11 * * * 12 (3) Notwithstanding any provision of law to the contrary, a transfer of 13 ownership of a vehicle to an insurer, resulting from the settlement of a total loss 14 claim, shall not require a notarized signature on the vehicle's certificate of title. 15 Supporting documents required for a transfer of ownership of a vehicle to an insurer, 16 resulting from the settlement of a total loss claim, shall not require a notarized 17 signature, if signed electronically at a National Institute of Standards (NIST) Level 18 2 or higher authentication. 19 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-1062 ORIGINAL HB NO. 604 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 604 Original 2022 Regular Session Davis Abstract: Provides for the transfer of ownership of a vehicle to an insurer. Present law provides that any purchaser of a vehicle, other than a mobile home, shall file an application for a new certificate of title within five days after the delivery of a previously issued certificate of title for such vehicle, or within five days of the delivery of the vehicle, if a certificate of title has not been previously issued. Proposed law retains present law and provides that a transfer of ownership of a vehicle to an insurer, resulting from the settlement of a total loss claim, shall not require a notarized signature on the vehicle's certificate of title. Proposed law provides that supporting documents required for a transfer of ownership of a vehicle to an insurer, resulting from the settlement of a total loss claim, shall not require a notarized signature, if signed electronically at a National Institute of Standards (NIST) Level 2 or higher authentication. (Adds R.S. 32:707(B)(3)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.