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A BILL TO BE ENTITLED
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AN ACT
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relating to the purchase of a vehicle on which a total loss has been |
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made by an insurer. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 501, Transportation Code, |
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is amended by adding Section 501.098 to read as follows: |
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Sec. 501.098. TITLE NOT REQUIRED. Notwithstanding any |
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other provision of law, a metal recycler or used automotive parts |
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recycler may purchase from an insurer a vehicle on which a total |
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loss payment has been made by an insurer without obtaining a |
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certificate of title or salvage certificate for the vehicle if the |
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following apply: |
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(1) The vehicle is purchased from an insurer by a metal |
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recycler or used automotive parts recycler solely for the purposes |
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of recycling parts, dismantling or scrap. |
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(2) The metal recycler or used automotive parts |
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recycler submits to the department a form, prescribed and furnished |
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by the department and posted on the department's publicly |
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accessible Internet website, that contains the following: |
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(a) The vehicle information, including year, |
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make, model and vehicle identification number; |
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(b) Insurer information; |
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(c) Metal recycler or used automotive parts |
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recycler information; |
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(d) Anticipated method and date of final |
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disposition of the dismantled vehicle; |
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(e) An attestation by an authorized |
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representative of the metal recycler or used automotive parts |
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recycler that the vehicle is being purchased solely for the |
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purposes of recycling parts, dismantling or scrap; and |
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(f) A bill of sale that memorializes the transfer |
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of the vehicle between the insurer and the vehicle salvage dealer. |
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(3) The metal recycler or used automotive parts |
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recycler does not begin the dismantling or destruction of a vehicle |
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until two business days following the submission of the documents |
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listed under paragraph (2). |
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SECTION 2. This Act takes effect September 1, 2023. |