Illinois General Assembly - Full Text of HB4296
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Full Text of HB4296  94th General Assembly


Rep. Daniel V. Beiser

Filed: 3/1/2006





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2     AMENDMENT NO. ______. Amend House Bill 4296, AS AMENDED, by
3 replacing everything after the enacting clause with the
4 following:
5     "Section 5. The Illinois Vehicle Code is amended by adding
6 Section 3-122 as follows:
7     (625 ILCS 5/3-122 new)
8     Sec. 3-122. Reporting of salvaged vehicles and certain
9 repaired vehicles.
10     (a) Any insurance company that pays the repair costs for a
11 vehicle, if (i) those costs exceed 75% of the fair market value
12 of the vehicle and (ii) the insurance company recommends to its
13 customer a third party who will purchase the vehicle, must
14 report to the Secretary of State, within 30 days of making that
15 recommendation, the vehicle identification number of that
16 vehicle.
17     (b) The Secretary shall assemble and make available to the
18 National Insurance Crime Bureau a listing of:
19         (1) the vehicle identification numbers for all salvage
20     titles that the Secretary's office receives on and after
21     the effective date of this amendatory Act of the 94th
22     General Assembly; and
23         (2) all vehicle identifications numbers reported to
24     the Secretary under subsection (a).



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1     (c) The Secretary shall adopt rules for implementing this
2 Section.".