HB1938 96TH GENERAL ASSEMBLY

LRB096 05261 AJT 15327 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1938

Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - John D'Amico

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.

A BILL FOR

AN ACT concerning transportation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Vehicle Code is amended by changing Section 3-118.1 as follows:

(625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)

Sec. 3-118.1. Whenever a certificate of title is issued for a vehicle with respect to which a salvage certificate has been previously issued, the the new certificate of title shall bear the notation "REBUILT". However, insurance companies or persons licensed under Section 5-301 who are also licensed as a used vehicle dealer under Section 5-102 of this Code may exchange a salvage certificate for a certificate of title which does not bear the notation "REBUILT" when there is submitted with the application satisfactory proof that the salvage certificate was obtained because of a claim of total loss from theft and the vehicle was recovered without structural damage caused by collision, fire, flood, theft, rust, or corrosion. The Secretary may adopt rules governing the issuance of titles authorized under this Section.

(Source: P.A. 89-189, eff. 1-1-96.)