N.J. Admin. Code § 13:21-22.15
Current through Register Vol. 56, No. 24, December 18, 2024
Section 13:21-22.15 - Issuance of certificates of ownership with a salvage designation(a) A certificate of ownership with a salvage designation shall be issued to the owner (or, if the motor vehicle is owned subject to a lien, a certificate of ownership with a salvage designation shall be issued in the name of the vehicle owner and shall be delivered to the lienholder of record) of the following salvage motor vehicles: 1. A motor vehicle that was previously determined to be economically impractical to repair and that is subsequently reconstructed, rebuilt or repaired.2. A stolen motor vehicle that is recovered in damaged condition (for example, stripped for major component parts) and that is subsequently reconstructed, rebuilt or repaired where the cost to repair the damaged motor vehicle, as determined by a bona fide repair estimate, equals or exceeds the fair market value of the motor vehicle immediately before it was stolen.(b) No certificate of ownership with a salvage designation shall be issued unless the following documents are presented to the Commission: 1. Salvage certificate of title;2. Inspection report; and3. For vehicles described in (a)2 above, a copy of the report from the law enforcement agency which recovered the stolen motor vehicle.(c) A unique vehicle identification number shall be assigned by the Commission to a motor vehicle that is reconstructed, rebuilt or repaired from more than one salvage motor vehicle.(d) A fee, as set forth in N.J.A.C. 13:21-4.2, shall be charged for the issuance of a certificate of ownership with a salvage designation.N.J. Admin. Code § 13:21-22.15
Amended by R.2006 d.250, effective 7/3/2006.
See: 38 N.J.R. 445(a), 38 N.J.R. 2875(a).
In (b) and (c), substituted "Commission" for "Division"; in (c), substituted "that" for "which" following "vehicle".
Amended by R.2009 d.219, effective 7/6/2009.
See: 41 N.J.R. 862(a), 41 N.J.R. 2681(a).
In (d), updated the N.J.A.C. reference.