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| | 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 |
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Amends the Illinois Vehicle Code. Makes a technical change in a Section
concerning certificates of title and salvage certificates.
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| | A BILL FOR |
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| | HB4855 | | LRB099 17985 AXK 42348 b |
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| 1 | | AN ACT concerning transportation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Vehicle Code is amended by changing |
| 5 | | Section 3-118.1 as follows:
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| 6 | | (625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)
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| 7 | | Sec. 3-118.1.
Whenever a certificate of title is issued for |
| 8 | | a vehicle
with respect to which a salvage certificate has been |
| 9 | | previously issued,
the
the new certificate of title shall bear |
| 10 | | the notation "REBUILT". However,
insurance companies or |
| 11 | | persons licensed under Section 5-301 who are also
licensed as a |
| 12 | | used vehicle dealer under Section 5-102 of this Code may
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| 13 | | exchange a salvage certificate for a certificate of title which |
| 14 | | does not
bear the notation "REBUILT" when there is submitted |
| 15 | | with the application
satisfactory proof that the salvage |
| 16 | | certificate was obtained because of a
claim of total loss from |
| 17 | | theft and the vehicle was recovered
without structural damage |
| 18 | | caused by collision, fire, flood, theft, rust,
or corrosion.
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| 19 | | The Secretary may adopt rules governing the issuance of titles |
| 20 | | authorized
under this Section. |
| 21 | | (Source: P.A. 89-189, eff. 1-1-96.)
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