This bill amends sections 60-171 and 60-173 of the Reissue Revised Statutes of Nebraska, focusing on the provisions related to salvage branded certificates of title for motor vehicles. It introduces new definitions, including "consumer care," "structurally totaled vehicle," and clarifies the meaning of terms such as "flood damaged," "manufacturer buyback," and "salvage." Notably, the bill specifies that a vehicle can be deemed a "structurally totaled vehicle" if it has significant structural damage, while also excluding vehicles that are total losses due to hail or cosmetic damage. Additionally, it outlines the process for insurance companies when acquiring salvage vehicles, including the requirement to notify the department and the owner regarding the salvage brand.

The bill also modifies the existing language by deleting outdated definitions and replacing them with more precise terms that reflect current practices in the insurance and automotive industries. For instance, it clarifies the criteria for what constitutes a "salvage" vehicle and the responsibilities of insurance companies in handling salvage titles. The original sections 60-171 and 60-173 are repealed, indicating a comprehensive update to the legal framework governing salvage vehicles in Nebraska.

Statutes affected:
Introduced: 60-171, 60-173