Sec. 3. (a) A certificate of salvage title is required for a vehicle that is manufactured within the last seven (7) model years and meets any of the following criteria:
(1) An insurance company has determined that it is economically impractical to repair the wrecked, destroyed, or damaged vehicle and has made an agreed settlement with the insured or claimant.
(2) If the owner of the vehicle:
(A) is a business that insures its own vehicles; or
(B) acquired the vehicle after the vehicle was wrecked, destroyed, or damaged;
the cost of repairing the wrecked, destroyed, or damaged vehicle exceeds seventy percent (70%) of the fair market value immediately before the vehicle was wrecked, destroyed, or damaged.
(3) The vehicle is a flood damaged vehicle.
(b) The bureau may issue a salvage title to a vehicle that is subject to IC 9-17 upon the request of the owner of the vehicle.
(c) A person that knowingly or intentionally fails to apply for a salvage title as required by subsection (a) commits a Class A infraction.
[Pre-1991 Recodification Citation: 9-1-3.6-4(b) part; Pre-2016 Revision Citation: 9-22-3-1.]
As added by P.L.2-1991, SEC.10. Amended by P.L.59-1998, SEC.4; P.L.110-2006, SEC.1; P.L.188-2015, SEC.79; P.L.198-2016, SEC.383.
Structure Indiana Code
Article 22. Abandoned, Salvaged, and Scrap Vehicles
Chapter 3. Salvage Motor Vehicles
9-22-3-1. Guidelines for Applicability of Chapter
9-22-3-2.5. "Flood Damaged Vehicle"
9-22-3-3. Certificate of Salvage Title Required; Violation
9-22-3-4.2. Self-Insured Entity; Certificate of Salvage Title; Fee
9-22-3-4.3. Delinquent Certificate of Salvage Title; Administrative Penalty
9-22-3-4.4. "Other Proof of Ownership"; Fraudulent Document or Affidavit; Violation
9-22-3-5. Certificate of Salvage Title; Contents
9-22-3-6. Certificate of Salvage Title; Assignment by Owner of Salvage Vehicle
9-22-3-10. Duplicate Certificate of Salvage Title; Fee
9-22-3-15. Rebuilt Salvage Motor Vehicles; Issuance of Certificate of Title; Inspection Fee
9-22-3-18. Vehicles Designated as Junk or Similar Designation
9-22-3-18.5. Rebuilt Vehicles; Sales, Exchange, Transfer; Violation
9-22-3-36. Civil Remedies for Violations; Actual Damages; Treble Damages; Costs and Attorney's Fees
9-22-3-37. Violations as Deceptive Acts; Action by Attorney General; Remedies and Penalties