House Bill No. 2111 amends the Oklahoma Vehicle License and Registration Act by refining definitions and requirements for various vehicle classifications, including salvage, rebuilt, and junked vehicles. It establishes that a vehicle is classified as salvage if repair costs exceed 60% of its fair market value and introduces new provisions for issuing certificates of title, which now require a declaration of damage or theft for vehicles from the last seven model years. The bill also specifies security features that must be included on these certificates.

Additionally, the bill modifies the fee structure for title issuance by deleting references to the Oklahoma Tax Commission Reimbursement Fund and directing funds to the Service Oklahoma Reimbursement Fund starting January 1, 2023. The title fee is set at $11, with specific provisions for junked titles. It also exempts vehicle rental or leasing establishments from certain inspection requirements, provided they pay the necessary fees, and allows for out-of-state inspections by authorized personnel. The bill outlines procedures for transferring ownership of vehicles declared a total loss and ensures that vehicle identification numbers are preserved for at least five years, with a future effective date of November 1, 2025, for these changes.

Statutes affected:
Introduced: 47-1105
Floor (House): 47-1105
Floor (Senate): 47-1105
Engrossed: 47-1105
Enrolled (final version): 47-1105