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, such as "consumer care," "structurally totaled vehicle," and clarifies the meaning of terms like "flood damaged" 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 obtain and surrender the certificate of title to the county treasurer.

The bill also modifies existing definitions, such as changing the term "cost of repairs" and updating the criteria for what constitutes a "late model vehicle." It emphasizes the responsibilities of insurance companies in reporting and handling salvage vehicles, including the need to notify the department and the vehicle owner about the salvage brand. The original sections 60-171 and 60-173 are repealed, indicating a comprehensive update to the legal framework governing salvage vehicles in Nebraska.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