Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

625 ILCS 5/3-117.1

from Ch. 95 1/2, par. 3-117.1

Synopsis As Introduced
Amends the Illinois Vehicle Code with regard to when junking certificates or salvage certificates must be obtained. Provides that a vehicle that has been repossessed by a lienholder shall be considered to be salvage only when the cost of repairing the damage to the vehicle would be greater than 50% (rather than greater than 33 1/3%) of its fair market value. Makes corresponding changes with regard to obtaining a salvage certificate and the disposition of the vehicle. Makes similar changes with regard to when a vehicle that is part of a fleet of more than 5 commercial vehicles or a vehicle that has been submerged in water is to be considered salvage.

Actions 

Date	Chamber	Action
1/18/2006	Senate	Filed with Secretary by Sen. Terry Link
1/18/2006	Senate	First Reading
1/18/2006	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

Back To Top