Motor vehicles; modifying certain exception; removing defunct language; effective date.
What changed between versions
Changed 'salvage vehicle' definition to require repair costs exceeding 60% of fair market value for actual damage to suspension, motor, transmission, frame, unibody, or designated structural components.
Added new definition for 'recovered-theft vehicle' as a vehicle recovered from theft, including salvage or rebuilt vehicles.
Added new definition for 'rebodied vehicle' as a type of motor vehicle requiring specific title designation.
Modified title requirements for all-terrain vehicles, motorcycles, and utility vehicles to clarify when certificates of title are required based on purchase or transfer dates.
Removed reference to a defunct reimbursement fund from the bill text.
Changed language from 'modifying certain exception' to 'modifying scope of certain exception' to better reflect the bill's impact.