94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4296

 

Introduced 12/21/05, by Rep. Daniel V. Beiser - John E. Bradley

 

SYNOPSIS AS INTRODUCED:
 
625 ILCS 5/3-122 new

    Amends the Illinois Vehicle Code. Provides that any insurance company that pays a total loss claim on a vehicle and takes possession of that vehicle for the purpose of repair and sale must, within 5 business days of taking possession of the vehicle, report to the Secretary of State the vehicle identification number of that vehicle. Provides that the Secretary shall establish and maintain a website listing all the vehicle identification numbers reported to the Secretary under the provision. Provides that the Secretary shall adopt rules for implementing the provision.


LRB094 15908 DRH 51132 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4296 LRB094 15908 DRH 51132 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 adding
5 Section 3-122 as follows:
 
6     (625 ILCS 5/3-122 new)
7     Sec. 3-122. Salvaged vehicles; reporting; Secretary's
8 website.
9     (a) Any insurance company that pays a total loss claim on a
10 vehicle and takes possession of that vehicle for the purpose of
11 repair and sale must, within 5 business days of taking
12 possession of the vehicle, report to the Secretary of State the
13 vehicle identification number of that vehicle.
14     (b) The Secretary shall establish and maintain a website
15 listing all the vehicle identification numbers reported to the
16 Secretary under subsection (a).
17     (c) The Secretary shall adopt rules for implementing this
18 Section.