The bill, S.B. No. 2246, amends the Transportation Code to enhance regulations regarding motor vehicle titles for salvage vehicles. It introduces a new definition for "auction sales receipt," which is described as a document certifying the sale of a motor vehicle at auction by a law enforcement agency or public sale for lien foreclosure. Additionally, the bill outlines the responsibilities of salvage vehicle dealers, requiring them to submit a report to the department within 31 days of acquiring a nonrepairable or salvage motor vehicle. This report must include a properly assigned manufacturer's certificate of origin, auction sales receipt, or comparable out-of-state ownership document.

Furthermore, the bill mandates that the department issue a receipt to the salvage vehicle dealer upon receiving the necessary documentation. It also requires the department to adopt rules to inform dealers if a vehicle does not have a printed title but is recorded in the department's titling system. The changes aim to streamline the process for salvage vehicle dealers and improve the tracking of vehicle titles. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Transportation Code 501.091, Transportation Code 501.1003 (Transportation Code 501)
Senate Committee Report: Transportation Code 501.091, Transportation Code 501.1003 (Transportation Code 501)
Engrossed: Transportation Code 501.091, Transportation Code 501.1003 (Transportation Code 501)