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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4296
Introduced 12/21/05, by Rep. Daniel V. Beiser - John E. Bradley SYNOPSIS AS INTRODUCED:
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Amends the Illinois Vehicle Code. Provides that any insurance company that pays a total loss claim on a vehicle and takes possession of that vehicle for the purpose of repair and sale must, within 5 business days of taking possession of the vehicle, report to the Secretary of State the vehicle identification number of that vehicle. Provides that the Secretary shall establish and maintain a website listing all the vehicle identification numbers reported to the Secretary under the provision. Provides that the Secretary shall adopt rules for implementing the provision.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB4296 |
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LRB094 15908 DRH 51132 b |
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| AN ACT concerning transportation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Vehicle Code is amended by adding |
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| Section 3-122 as follows:
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| (625 ILCS 5/3-122 new) |
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| Sec. 3-122. Salvaged vehicles; reporting; Secretary's |
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| website. |
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| (a) Any insurance company that pays a total loss claim on a |
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| vehicle and takes possession of that vehicle for the purpose of |
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| repair and sale must, within 5 business days of taking |
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| possession of the vehicle, report to the Secretary of State the |
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| vehicle identification number of that vehicle. |
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| (b) The Secretary shall establish and maintain a website |
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| listing all the vehicle identification numbers reported to the |
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| Secretary under subsection (a). |
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| (c) The Secretary shall adopt rules for implementing this |
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| Section.
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