AN ACT TO AMEND LAWS GOVERNING THE TRANSFER OF SALVAGE VEHICLES BY REMOVING NOTARY REQUIREMENTS, PERMITTING ELECTRONIC SIGNATURES, AND ALLOWING ACCESS TO DIVISION OF MOTOR VEHICLE SYSTEMS FOR SALVAGE VEHICLE TITLE PROCESSING.
House committee substitute to the 2nd edition makes the following changes.
Amends the proposed changes to GS 20-63(j), concerning authorized contracts between the Division of Motor Vehicles (DMV) and online motor vehicle vendors, and vendors and motor vehicle dealers, to file required DMV documents. Now authorizes vendors under contract with the DMV under subsection (j) to also enter into contracts with used motor vehicle dealers whose primary business is the sale of salvage vehicles on behalf of insurers to complete and file documents required by the DMV for issuance of a salvage certificate of title (previously incorporated these submissions into the existing contract authority). Makes conforming changes.
Modifies GS 20-85(a)(10) to specify that the $20 fee charged to each application for a salvage certificate of title made by an insurer applies to applications made pursuant to GS 20-109.1 (Surrender of titles to salvage vehicles), as amended. Makes technical changes.
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