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91_HB4254
LRB9110369DHks
1 AN ACT in relation to transportation.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Vehicle Code is amended by
5 changing Section 3-118.1 as follows:
6 (625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)
7 Sec. 3-118.1. Whenever a certificate of title is issued
8 for a vehicle with respect to which a salvage certificate has
9 been previously issued, the new certificate of title shall
10 bear the notation "REBUILT". However, insurance companies or
11 persons licensed under Section 5-301 who are also licensed as
12 a used vehicle dealer under Section 5-102 of this Code may
13 exchange a salvage certificate for a certificate of title
14 which does not bear the notation "REBUILT" when there is
15 submitted with the application satisfactory proof that the
16 salvage certificate was obtained because of a claim of total
17 loss from theft and the vehicle was recovered without
18 structural damage caused by collision, fire, flood, theft,
19 rust, or corrosion. The Secretary may adopt rules governing
20 the issuance of titles authorized under this Section.
21 (Source: P.A. 89-189, eff. 1-1-96.)