Illinois General Assembly - Bill Status for HB3340

Amends the Illinois Vehicle Code. Changes the definition of "automotive parts recycler" to mean a person who is in the business of acquiring previously owned vehicles and vehicle parts for the primary purpose of disposing of an entire vehicle or parts of vehicles (instead of only parts of vehicles) in a manner other than that described in the definition of a "scrap processor" in the Code. Modifies the definitions of "remittance agent" and "remitter" to include persons who give and receive money for the payment of registration plates, vehicle certificates of title, taxes, or registration fees (rather than the payment of vehicle taxes, license or registration fees). Provides that an application for a salvage certificate shall be submitted to the Secretary of State when any licensed rebuilder, repairer, new or used vehicle dealer, or remittance agent has applied for title to a vehicle that he or she knows or should have known to have sustained damages in excess of 33 1/3% of the vehicle's fair market value. Provides that an application for a remittance agent license must be accompanied by other information the Secretary may require and by a statement that the applicant has not committed in the past 3 years any violation as determined in any civil, criminal, or administrative proceedings under the Retailers' Occupation Tax Act or under portions of the Illinois Vehicle Code concerning title and registration requirements. Modifies language concerning the purpose of an Article concerning remittance agents and in Sections concerning the denial, suspension, and revocation of remittance agent licenses. Removes language from a Section concerning the application of the Article concerning remittance agents, a Section concerning the licensing of remittance agents, and a Section concerning hearings and subpoenas.

Replaces everything after the enacting clause with provisions of the original bill, but with the following changes: (1) changes the definition of "automotive parts recycler" to include a person in the business of disposing of previously owned vehicles in the manner described by the definition of a "scrap processor" in the Code; (2) provides that a vehicle of a self-insured company that has sustained damage in excess of 33 1/3% (instead of 50%) of its fair market value without the damage shall be considered salvage; (3) provides that an application for a salvage certificate shall be submitted to the Secretary of State when any licensed rebuilder, repairer, new or used vehicle dealer, or remittance agent has applied for title to a vehicle that he or she knows or reasonably (original bill did not include "reasonably") should have known to have sustained damages in excess of 33 1/3% of the vehicle's fair market value; (4) provides that any application for a salvage certificate for a vehicle recovered from theft and acquired from an insurance company shall be made as required by provisions governing that type of acquisition; (5) provides that no person may engage in the business of acquiring previously owned vehicles for the primary purpose of disposing of those vehicles in the manner described by the definition of a "scrap processor", or acquire 5 or more vehicles in one calendar year for such primary purpose, unless he or she is licensed as an automotive parts recycler by the Secretary. Effective immediately.

Restores language providing that a vehicle of a self-insured company that has sustained damage in excess of 50% of its fair market value without the damage shall be considered salvage. Exempts applications for title to rebuilt vehicles from the provision requiring that an application for a salvage certificate shall be submitted to the Secretary of State when any licensed rebuilder, repairer, new or used vehicle dealer, or remittance agent has applied for title to a vehicle that he or she knows or should have known to have sustained damages in excess of 33 1/3% of the vehicle's fair market value.

Provides that no person shall engage in the business of acquiring 5 or more previously owned vehicles in one calendar year for the primary purpose of disposing of those vehicles in the manner described in the definition of a "scrap processor" unless the person is licensed as an automotive parts recycler by the Secretary of State (instead of "No person shall engage in the business of acquiring previously owned vehicles for the primary purpose of disposing of those vehicles in the manner described in the definition of a "scrap processor" in this Code, nor shall any person acquire 5 or more vehicles in one calendar year for such primary purpose, unless such person is licensed as an automotive parts recycler by the Secretary of State under this Section").

×