TO: | Honorable Larry Phillips, Chair, House Committee on Transportation |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Introduced |
The bill would amend the Transportation Code to require insurance companies to provide notice to owners of certain nonrepairable or salvage vehicles regarding the companies' reporting requirements to the Department of Motor Vehicles and the requirements for operation or transfer of ownership of such vehicles.
Based on the analysis of the Department of Motor Vehicles, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
Source Agencies: | 608 Department of Motor Vehicles
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LBB Staff: | JOB, KJG, MW, TG
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