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<xml>
<title>Illinois General Assembly - Bill Status for HB 2526         </title>
<shortdesc>VEH CD-SALVAGE CERTIFICATE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay Hoffman</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>625 ILCS 5/3-117.1</reference><aliasreference>from Ch. 95 1/2, par. 3-117.1</aliasreference><SynopsisText>    Amends the Illinois Vehicle Code. Provides that a vehicle of 4 model years or older (rather than 9 model years or older) may be retained by the registered owner instead of by the insurance company, even after the insurance company makes a payment of damages on total loss claim for the vehicle. Provides that an application for a salvage certificate shall be submitted to the Secretary of State when any licensed rebuilder, repairer, new or used vehicle dealer, or remittance agent has submitted an application for title to a vehicle that the person knows or reasonably should have known to have sustained damages in excess of 50% (instead of 33 1/3%) of the vehicle's fair market value without that damage.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay Hoffman</action>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/9/2021</statusdate><chamber>House</chamber><action>Assigned to Transportation: Vehicles &amp; Safety Committee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

