SALVAGE VEHICLES                                                                                      S.B. 196:

                                                                                                    SUMMARY OF BILL

                                                                                      REPORTED FROM COMMITTEE

Senate Bill 196 (as reported without amendment)

Sponsor:  Senator Tom Casperson

Committee:  Transportation

CONTENT

The bill would amend the Michigan Vehicle Code to do the following:

-- Allow an insurance company that paid a claim for total loss to the owner or lienholder of a vehicle but did not receive a surrendered certificate of title to apply to the Secretary of State (SOS) for a salvage or scrap certificate of title.

-- Allow an insurance company to direct a salvage pool that possessed a vehicle to release it to an owner or lienholder, and allow the salvage pool to sell the vehicle if the owner or lienholder did not claim it within 30 days.

-- Extend provisions regarding the removal and disposition of abandoned vehicles to a vehicle that could not be disposed of under the bill within 60 days.

The bill would take effect 90 days after it was enacted.

MCL 257.217c et al.                                                       Legislative Analyst:  Julie Cassidy

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

Date Completed:  3-31-15                                                    Fiscal Analyst:  Joe Carrasco

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.