ROBERT L. EHRLICH, JR., Governor                              S.B. 90

Robert L. Ehrlich, Jr.
Governor

Senate Bill No. 90

AN ACT concerning

Motor Vehicles - Certificate of Title - Rebuilt Salvage

FOR the purpose of requiring that a certificate of title to a vehicle contain a
conspicuous notation that the vehicle is "rebuilt salvage" whenever an insurance
company's application for a salvage certificate for the vehicle contains a
statement that the cost to repair the vehicle for highway operation was equal to
or less than the fair market value of the vehicle prior to the vehicle sustaining
damage; and generally relating to salvaged vehicles.

BY repealing and reenacting, without amendments,
Article - Transportation
Section 13-506(c)
Annotated Code of Maryland
(2002 Replacement Volume)

BY repealing and reenacting, with amendments,
Article - Transportation
Section 13-507
Annotated Code of Maryland
(2002 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Transportation

13-506.

(c) (1) An insurance company shall apply for a salvage certificate on a form
provided by the Administration for each vehicle titled in the State that is acquired as
a result of a claim settlement arising from an accident that occurred in the State.

(2) The application under paragraph (1) of this subsection shall be
accompanied by:

(i) The certificate of title of the vehicle;

(ii) A statement by the insurance company that:

1. The cost to repair the vehicle for highway operation is
greater than the fair market value of the vehicle prior to sustaining the damage for
which the claim was paid;

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