The bill amends the Michigan Vehicle Code, specifically section 217c, to strengthen the regulation of salvage vehicles and clarify the responsibilities of insurance companies and dealers during title transfers. It empowers the Secretary of State to conduct periodic reviews of dealer records to ensure that individuals acquiring rebuilt salvage vehicles are informed of the vehicle's salvage history. Additionally, the Secretary of State can request salvage title documents and claims reports from insurance companies to ensure compliance with the law. The bill also outlines the procedures for insurance companies acquiring ownership of late model vehicles through claims, mandating the application for salvage or scrap certificates of title based on repair costs.
Moreover, the bill introduces new requirements for inspections of rebuilt salvage vehicles to ensure they meet safety and compliance standards before a new title is issued. It establishes a notification requirement for the Secretary of State to inform law enforcement officers about their right to appeal any revocation, suspension, or denial of their certification, with a 30-day window for filing an appeal. The bill also increases the minimum fee for salvage vehicle inspections from $100 to $200, specifying that these fees are to be used for law enforcement purposes related to stolen vehicles and public safety. Overall, the amendments aim to enhance regulatory oversight, protect consumers, and ensure the integrity of salvage vehicle inspections.
Statutes affected: House Introduced Bill: 257.217