The bill would amend the Transportation Code by adding Section 501.098 to create an exception to titling requirements for certain vehicles purchased by a metal recycler or used automotive parts recycler. The bill would require these entities to submit to the Texas Department of Motor Vehicles (TxDMV) information necessary for reporting to the National Motor Vehicle Title Information System (NMVTIS). The bill would require DMV to notify a recycler if a purchased vehicle has been reported stolen. The bill would amend Section 501.109 to classify violations of certain requirements under proposed Section 501.098 as misdemeanor and/or state jail felony offenses.
Based on the information provided by TxDMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
This analysis assumes the provisions of the bill addressing felony sanctions for criminal offenses would not result in a significant impact on state correctional agencies.
No significant fiscal implication to units of local government is anticipated.