[ Search ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
91_SB1038
LRB9105524WHdv
1 AN ACT to amend the Illinois Vehicle Code by changing
2 Section 3-118.1.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Vehicle Code is amended by
6 changing Section 3-118.1 as follows:
7 (625 ILCS 5/3-118.1) (from Ch. 95 1/2, par. 3-118.1)
8 Sec. 3-118.1. Whenever a certificate of title is issued
9 for a vehicle with respect to which a salvage certificate has
10 been previously issued, the new certificate of title shall
11 bear the notation "REBUILT". However, insurance companies or
12 persons licensed under Section 5-301 who are also licensed as
13 a used vehicle dealer under Section 5-102 of this Code may
14 exchange a salvage certificate for a certificate of title
15 which does not bear the notation "REBUILT" when there is
16 submitted with the application satisfactory proof that the
17 salvage certificate was obtained because of a claim of total
18 loss from theft and the vehicle was recovered without
19 structural damage caused by collision, fire, flood, theft,
20 rust, or corrosion. The Secretary may adopt rules governing
21 the issuance of titles authorized under this Section.
22 (Source: P.A. 89-189, eff. 1-1-96.)