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S.F. No. 2224 - Vehicle Salvage Title Modification
 
Author: Senator John R. Jasinski
 
Prepared By: Alexis C. Stangl, Senate Counsel (651/296-4397)
 
Date: February 18, 2020



 

S.F. No. 2224 broadens the requirements for an insurer to obtain a salvage title to cover all vehicles. Under current law, a salvage title is only required for late-model vehicles (five-years old or newer) or high value vehicles (worth over $9,000 before being damaged or an older vehicle having a gross weight of over 26,000 pounds). A person who retains a late-model or high value vehicle and receives a total loss settlement from an insurer must apply for a salvage title.

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