1 | 1 | | 88R13837 TYPED |
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2 | 2 | | By: Harris of Williamson H.B. No. 3408 |
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3 | 3 | | |
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4 | 4 | | |
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5 | 5 | | A BILL TO BE ENTITLED |
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6 | 6 | | AN ACT |
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7 | 7 | | relating to the purchase of a vehicle on which a total loss has been |
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8 | 8 | | made by an insurer. |
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9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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10 | 10 | | SECTION 1. Subchapter E, Chapter 501, Transportation Code, |
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11 | 11 | | is amended by adding Section 501.098 to read as follows: |
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12 | 12 | | Sec. 501.098. TITLE NOT REQUIRED. Notwithstanding any |
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13 | 13 | | other provision of law, a metal recycler or used automotive parts |
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14 | 14 | | recycler may purchase from an insurer a vehicle on which a total |
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15 | 15 | | loss payment has been made by an insurer without obtaining a |
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16 | 16 | | certificate of title or salvage certificate for the vehicle if the |
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17 | 17 | | following apply: |
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18 | 18 | | (1) The vehicle is purchased from an insurer by a metal |
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19 | 19 | | recycler or used automotive parts recycler solely for the purposes |
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20 | 20 | | of recycling parts, dismantling or scrap. |
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21 | 21 | | (2) The metal recycler or used automotive parts |
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22 | 22 | | recycler submits to the department a form, prescribed and furnished |
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23 | 23 | | by the department and posted on the department's publicly |
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24 | 24 | | accessible Internet website, that contains the following: |
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25 | 25 | | (a) The vehicle information, including year, |
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26 | 26 | | make, model and vehicle identification number; |
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27 | 27 | | (b) Insurer information; |
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28 | 28 | | (c) Metal recycler or used automotive parts |
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29 | 29 | | recycler information; |
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30 | 30 | | (d) Anticipated method and date of final |
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31 | 31 | | disposition of the dismantled vehicle; |
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32 | 32 | | (e) An attestation by an authorized |
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33 | 33 | | representative of the metal recycler or used automotive parts |
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34 | 34 | | recycler that the vehicle is being purchased solely for the |
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35 | 35 | | purposes of recycling parts, dismantling or scrap; and |
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36 | 36 | | (f) A bill of sale that memorializes the transfer |
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37 | 37 | | of the vehicle between the insurer and the vehicle salvage dealer. |
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38 | 38 | | (3) The metal recycler or used automotive parts |
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39 | 39 | | recycler does not begin the dismantling or destruction of a vehicle |
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40 | 40 | | until two business days following the submission of the documents |
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41 | 41 | | listed under paragraph (2). |
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42 | 42 | | SECTION 2. This Act takes effect September 1, 2023. |
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