HB 5424
Law enforcement: funds; allowable uses for fee revenue related to salvage vehicle inspection; modify. Amends sec. 217c of 1949 PA 300 (MCL 257.217c).
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies how salvage vehicle titles are handled in Michigan. It updates the process for insurance companies to transfer ownership of damaged vehicles, requiring them to assign salvage or scrap certificates to specific buyers like automotive recyclers or salvage dealers. The bill also clarifies requirements for dealers acquiring distressed vehicles, including title retention and reporting, and establishes procedures for issuing scrap vehicle titles, including fees and required documentation. It aims to improve oversight and accountability in the salvage vehicle market.
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