N.J. Admin. Code § 13:21-22.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:21-22.4 - Issuance of salvage certificates of title; fee

(a) Whenever a motor vehicle is reported as being stolen or is damaged to such an extent that it is economically impractical to repair such motor vehicle, the owner, insurer or person in possession of the certificate of ownership shall, within 10 working days after the motor vehicle was reported as stolen or damaged, or within 10 working days after settling a total loss insurance claim, surrender the certificate of ownership for such motor vehicle to the Commission.

(b) Upon surrender of the certificate of ownership, as required by (a) above, the Chief Administrator shall issue a salvage certificate of title to the owner of the salvage motor vehicle, after determining that the person applying for a salvage certificate of title is the owner of record; provided, however, that if the salvage motor vehicle is owned subject to a lien, a salvage certificate of title shall be issued in the name of the vehicle owner and shall be delivered to the lienholder of record by the Commission.

(c) A lienholder of record shall be noted on the salvage certificate of title until the lien is properly satisfied and discharged in accordance with 39:10-10.

(d) A fee, set forth in 13:21-4.2, shall be charged for the issuance of a salvage certificate of title.

N.J. Admin. Code § 13:21-22.4

Amended by R.2006 d.250, effective 7/3/2006.
See: 38 N.J.R. 445(a), 38 N.J.R. 2875(a).
Substituted "Commission" for "Division" throughout; and in (b), substituted "Chief Administrator" for "Director".
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.