Louisiana 2022 2022 Regular Session

Louisiana House Bill HB604 Engrossed / Bill

                    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	*          *          *
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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.