House Bill No. 2111 amends the Oklahoma Vehicle License and Registration Act by updating definitions and requirements related to vehicle titles. It clarifies the definitions of various vehicle types, such as "salvage vehicle," "rebuilt vehicle," and "junked vehicle," and mandates that every vehicle owner must possess a certificate of title as proof of ownership, with certain exceptions. The bill introduces new security features for certificates of title and outlines the application process for obtaining a title, including necessary documentation and vehicle history declarations. Additionally, it deletes the reference to the Oklahoma Tax Commission Reimbursement Fund for title fees, directing that these fees be deposited into the Service Oklahoma Reimbursement Fund starting January 1, 2023, with a set charge of $11 for each certificate of title.

The bill also modifies laws regarding the inspection and titling of motor vehicles, particularly for out-of-state vehicles and those involved in rental or leasing businesses, exempting certain establishments from inspection requirements if they pay the necessary fees. It specifies the distribution of the four-dollar inspection fee between the licensed operator and the Service Oklahoma Reimbursement Fund, with changes effective January 1, 2023. Furthermore, the bill establishes procedures for transferring ownership of vehicles declared a total loss by insurers, allows for salvage titles to be issued without a visual inspection in certain cases, and mandates that Service Oklahoma maintain vehicle identification records for a minimum of five years. The act is set to take effect on November 1, 2025.

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