|
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1638 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 625 ILCS 5/3-118.1 | from Ch. 95 1/2, par. 3-118.1 |
|
Amends the Illinois Vehicle Code. Makes a technical change in a Section
concerning certificates of title and salvage certificates.
|
| |
| | A BILL FOR |
|
|
| | HB1638 | | LRB100 03253 AXK 13258 b |
|
|
| 1 | | AN ACT concerning transportation.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Illinois Vehicle Code is amended by changing |
| 5 | | Section 3-118.1 as follows:
|
| 6 | | (625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)
|
| 7 | | Sec. 3-118.1.
Whenever a certificate of title is issued for |
| 8 | | a vehicle
with respect to which a salvage certificate has been |
| 9 | | previously issued,
the
the new certificate of title shall bear |
| 10 | | the notation "REBUILT". However,
insurance companies or |
| 11 | | persons licensed under Section 5-301 who are also
licensed as a |
| 12 | | used vehicle dealer under Section 5-102 of this Code may
|
| 13 | | exchange a salvage certificate for a certificate of title which |
| 14 | | does not
bear the notation "REBUILT" when there is submitted |
| 15 | | with the application
satisfactory proof that the salvage |
| 16 | | certificate was obtained because of a
claim of total loss from |
| 17 | | theft and the vehicle was recovered
without structural damage |
| 18 | | caused by collision, fire, flood, theft, rust,
or corrosion.
|
| 19 | | The Secretary may adopt rules governing the issuance of titles |
| 20 | | authorized
under this Section. |
| 21 | | (Source: P.A. 89-189, eff. 1-1-96.)
|