Bill Summary for H 847 (2019-2020)
Apr 17 2019
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AN ACT TO STUDY THE TITLE, REGISTRATION, AND BRANDING OF SALVAGE VEHICLES.Intro. by Torbett.
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Requires the Division of Motor Vehicles (Division), in consultation with the Department of Insurance and interested parties, to conduct study as title indicates for the purpose of protecting consumers from purchasing flood-damaged vehicles with concealed damage. The study is to address the economic impact to consumer of any changes in the law recommended by the Division and consider any other issues deemed relevant to the title and registration of salvage vehicles. Requires the Division to report its findings and recommendations to the specified NCGA committees and division by March 1, 2020.