HLS 22RS-1062 ENGROSSED 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 amend and reenact R.S. 32:705(B)(3) and to enact R.S. 32:707(B)(3), relative to the 3 transfer of ownership of a vehicle; to provide for the transfer of ownership to an 4 insurer resulting from a claim settlement; and to provide for related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 32:705(B)(3) is hereby amended and reenacted and R.S. 732:707(B)(3) is hereby enacted to read as follows: 8 §705. Delivery of certificate to purchaser of vehicle 9 * * * 10 B. For purposes of this Section, an "endorsement" means one of the 11 following: 12 * * * 13 (3) The signature of the seller if the certificate of title or other document 14 transferring ownership to an insurance company is for a motor vehicle which is 15 subject to an insurance settlement or has been declared a total loss by that insurance 16 company. 17 * * * 18 §707. Application for certificates of title; exception; salvage title; antique vehicles; 19 reconstructed title 20 * * * Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-1062 ENGROSSED HB NO. 604 1 B. 2 * * * 3 (3) Notwithstanding any provision of law to the contrary, a transfer of 4 ownership of a vehicle to an insurer, resulting from the settlement of a total loss 5 claim, shall not require a notarized signature on the vehicle's certificate of title. 6 Supporting documents required for a transfer of ownership of a vehicle to an insurer, 7 resulting from the settlement of a total loss claim, shall not require a notarized 8 signature, if signed electronically at a National Institute of Standards (NIST) Level 9 2 or higher authentication. 10 * * * 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 Engrossed 2022 Regular Session Davis Abstract: Provides for the transfer of ownership of a vehicle to an insurer. Present law, in pertinent part, defines "endorsement" as the signature of a seller if the certificate of title or other document transferring ownership to an insurance company is for a motor vehicle which has been declared a total loss by that insurance company. Proposed law modifies present law to include the signature of a seller if the certificate of title or other document transferring ownership to an insurance company is for a motor vehicle which is the subject of an insurance settlement. Present law requires any purchaser of a vehicle, other than a mobile home, to 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 does 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, does not require a notarized signature, if signed electronically at a National Institute of Standards (NIST) Level 2 or higher authentication. (Amends R.S. 32:705(B)(3); Adds R.S. 32:707(B)(3)) Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-1062 ENGROSSED HB NO. 604 Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Transportation, Highways and Public Works to the original bill: 1. Make technical changes. 2. Modify the meaning of "endorsement" in present law to include the signature of a seller if the certificate of title or other document transferring ownership to an insurance company is for a motor vehicle which is the subject of an insurance settlement. Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.