HLS 22RS-1062 REENGROSSED 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), relative to the transfer of ownership of a vehicle; 3 and to provide for related matters. 4Be it enacted by the Legislature of Louisiana: 5 Section 1. R.S. 32:705(B)(3) is hereby amended and reenacted to read as follows: 6 ยง705. Delivery of certificate to purchaser of vehicle 7 * * * 8 B. For purposes of this Section, an "endorsement" means one of the 9 following: 10 * * * 11 (3) The signature of the seller if the certificate of title or other document 12 transferring ownership to an insurance company is for a motor vehicle which is 13 subject to an insurance settlement or has been declared a total loss by that insurance 14 company. 15 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-1062 REENGROSSED 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 Reengrossed 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. (Amends R.S. 32:705(B)(3)) 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. The House Floor Amendments to the engrossed bill: 1. Make technical changes. 2. Remove a provision that 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. 3. Remove a provision that 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. Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.