TITLE 92: TRANSPORTATION
CHAPTER II: SECRETARY OF STATE
PART 1010 CERTIFICATES OF TITLE, REGISTRATION OF VEHICLES
SECTION 1010.120 SALVAGE CERTIFICATE – ASSIGNMENTS AND REASSIGNMENTS


 

Section 1010.120  Salvage Certificate – Assignments and Reassignments

 

In order to implement and clarify the provisions of Section 3-118 as to the number of assignments and reassignments of Salvage Certificates permitted by the Illinois Vehicle Code, the following information shall serve as a guide to the Secretary of State in making such determination:

 

a)         A salvage certificate may be assigned to any dealer licensed as a Rebuilder, Automotive Parts Recycler, Scrap Processor or an out-of-state Salvage Vehicle Buyer under the Illinois Vehicle Code.  Only one reassignment of that certificate is permissible and that reassignment shall be only to a dealer licensed under the Illinois Vehicle Code.

 

b)         A transfer or assignment to an individual other than a licensed dealer under the Illinois Vehicle Code must be by means of a certificate of title which is in the name of the licensed dealer.

 

(Source:  Amended at 32 Ill. Reg. 17253, effective October 15, 2008)