99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB4855

 

Introduced , by Rep. Jim Durkin

 

SYNOPSIS AS INTRODUCED:
 
625 ILCS 5/3-118.1  from Ch. 95 1/2, par. 3-118.1

    Amends the Illinois Vehicle Code. Makes a technical change in a Section concerning certificates of title and salvage certificates.


LRB099 17985 AXK 42348 b

 

 

A BILL FOR

 

HB4855LRB099 17985 AXK 42348 b

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