Bill Title: Amends the Illinois Vehicle Code. Provides that a vehicle of 4 model years or older (rather than 9 model years or older) may be retained by the registered owner instead of by the insurance company, even after the insurance company makes a payment of damages on total loss claim for the vehicle. Provides that an application for a salvage certificate shall be submitted to the Secretary of State when any licensed rebuilder, repairer, new or used vehicle dealer, or remittance agent has submitted an application for title to a vehicle that the person knows or reasonably should have known to have sustained damages in excess of 50% (instead of 33 1/3%) of the vehicle's fair market value without that damage.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB2526 Detail]

Text: Latest bill text (Introduced) [HTML]

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