A BILL TO BE ENTITLED
AN ACT to require secondary metals recyclers and salvage yards to wait at least forty-eight hours from the time of its submission of required information and verification as to whether the vehicle has been reported stolen with dmv before damaging, dismantling, or wrecking the motor vehicle.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 20‑62.1 reads as rewritten:
"§ 20‑62.1.  Purchase of vehicles for purposes of scrap or parts only.
(a)	Records for Scrap or Parts. – A secondary metals recycler, as defined in G.S. 66‑420(8), and a salvage yard, as defined in G.S. 20‑137.7(6), purchasing motor vehicles solely for the purposes of dismantling or wrecking such motor vehicles for the recovery of scrap metal or for the sale of parts only, shall comply with the provisions of G.S. 20‑61 and subsection (a1) of this section, provided, however, that a secondary metals recycler or salvage yard may purchase a motor vehicle without a certificate of title, if the motor vehicle is 10 model years old or older and the secondary metals recycler or salvage yard comply with the following requirements:
(1)	Maintain a record on a form, or in a format, as approved by the Division of Motor Vehicles (DMV) of all purchase transactions of motor vehicles. The following information shall be maintained for transactions of motor vehicles:
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c.	The date and time of the transaction.
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(a1)	Reporting Requirement. – Within 72 hours of each day's close of business, a secondary metals recycler or salvage yard purchasing a motor vehicle under this section shall submit to the National Motor Vehicle Title Information System (NMVTIS) such information contained in subdivision (1) of subsection (a) of this section, along with any other information or statement pertaining to the intended disposition of the motor vehicle, as may be required. The information shall be in a format that will satisfy the requirement for reporting information in accordance with rules adopted by the United States Department of Justice in 28 C.F.R. § 25.56. A secondary metals recycler or salvage yard may comply with this subsection by reporting the information required by this subsection to a third‑party consolidator as long as the third‑party consolidator reports the information to the NMVTIS in compliance with the provisions of this subsection.
(a2)	Waiting Period. – A secondary metals recycler or salvage yard that purchases a motor vehicle under this section and that does not have, at the time of purchase, a valid title shall wait at least 48 hours from the time of submission and verification with the Division in accordance with subsection (a1) of this section before damaging, dismantling, or wrecking the motor vehicle.
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SECTION 2.  This act becomes effective October 1, 2017, and applies to motor vehicles purchased by a secondary metals recycler or salvage yard on or after that date.