Salvage vehicles; removes requirement that a vehicle be late model. (SB1364)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Salvage vehicles. Removes the requirement that a vehicle be late model in order to meet the definition of salvage vehicle due to having been (i) acquired by an insurance company as part of the claims process or (ii) damaged to the extent that its estimated cost of repair would exceed its value before the damage minus the salvage value. The bill expands corresponding reporting requirements to require application for a salvage certificate for certain early model vehicles. The bill also removes the requirement that a vehicle be late model in order to meet the definition of rebuilt vehicle. Amends § 46.2-1600, § 46.2-1602.1, § 46.2-1603, § 46.2-1603.1, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19100588D
01/08/2019Referred to Committee on Transportation
01/15/2019Impact statement from DPB (SB1364)
01/16/2019Passed by indefinitely in Transportation with letter (11-Y 0-N) (see vote tally)

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