A BILL TO BE ENTITLED
AN ACT to study the title, registration, and branding of salvage vehicles.
The General Assembly of North Carolina enacts:
SECTION 1.  The Division of Motor Vehicles shall, in consultation with the Department of Insurance and interested parties, study whether the laws governing the title, registration, and branding of salvage vehicles need to be revised to protect consumers from vehicles that appear safe but are actually unsafe because of flood damage or other severe damage that makes a vehicle unsafe but is concealed from the consumer. The study will include the economic impact to the consumer of any proposed change in law recommended by the Division. As part of the study, the Division shall consider any other issues determined to be relevant to the title and registration of salvage vehicles.
SECTION 2.  No later than March 1, 2020, the Division of Motor Vehicles shall report its findings, including any recommendations for legislation, to the chairs of the Joint Legislative Transportation Oversight Committee, the House of Representatives Appropriations Committee on Transportation, the Senate Appropriations Committee on the Department of Transportation, and the Fiscal Research Division.
SECTION 3.  This act is effective when it becomes law.