Bill Summary for H 727 (2013-2014)

Summary date: 

Jul 24 2013
S.L. 2013-400

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 727 (Public) Filed Wednesday, April 10, 2013
A BILL TO BE ENTITLED AN ACT TO ALLOW THE DIVISION OF MOTOR VEHICLES TO ISSUE A SALVAGE CERTIFICATE OF TITLE TO AN INSURANCE COMPANY OR USED CAR DEALER IN CERTAIN SITUATIONS WHERE THE INSURANCE COMPANY OR USED CAR DEALER IS UNABLE TO OBTAIN THE ORIGINAL CERTIFICATE OF TITLE FROM THE OWNER OF THE MOTOR VEHICLE.
Intro. by Hamilton.

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Bill summary

Senate amendment #2 makes the following changes to the 2nd edition.

Amends GS 20-109.1(b)(2) to clarify that the salvage vehicle owner must act in accordance withthe provisions of subdivision (b)(1) of this section in the assignment and delivery of the vehicle's certificate of title to the insurer. Adds new subsection (h) to this section, declaring that the Division of Motor Vehicles (DMV) is not subject to a claim under Article 31 of GS Chapter 143 that is related to the cancellation of a title under this sectionif the claim is based on reliance by the DMV on any proof of payment or notice submitted to the DMV by a third party under subdivision (b)(2) or subsection (e1) of this section.

Amends subdivision (10) of GS 20-85(a)to provide that the subdivision sets the fee for each application for a salvage certificate of title made by an insurer or by a used motor vehicle dealer under subdivision (b)(2) or subsection (e1) of GS 20-109.1 (was, under GS 20-109.1(e1)).

Makes a correction to punctuation.

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