La. Admin. Code tit. 55 § III-1335

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1335 - Procedures

A. If the owner of any vehicle sells, transfers as scrap or permanently dismantles, damages or destroys beyond repair or otherwise made permanently unusable as a vehicle, and there is no settlement with an insurance company on the basis of a total loss, the owner must send the title and license plate to the Office of Motor Vehicles.

B. When an insurance company as a result of having paid a total loss claim acquires a certificate of title to a vehicle and obtains possession or control of the vehicle for any cause other than theft, such company or its authorized representative must send the title and license plate to the Office of Motor Vehicles along with a copy of certificate of salvage issued to buyer.

C. If an insurance company has acquired a certificate of title to a vehicle and obtains possession of the vehicle in settlement of a theft total loss claim, upon recovery of the vehicle it is determined that the vehicle has been damaged to an extent that it would be considered a total loss, such insurance company or its authorized representative must send the title and license plate to the Office of Motor Vehicles along with a copy of certificate of salvage issued in the name of the buyer of the vehicle.

D. Whenever any vehicle, is acquired, either from in state or from another state, and the vehicle purchased is salvage, or to be dismantled, the purchaser must send the title and license plate to the Office of Motor Vehicles. However, if the seller has complied with those requirements, and the new purchaser has in his possession a non-negotiable receipt for a salvage vehicle, no further requirements are necessary.

La. Admin. Code tit. 55, § III-1335

Promulgated by the Department of Public Safety and Corrections, Office of Motor Vehicles, LR 11:560 (May 1985).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:707.