HB 1284 -- Salvage Motor Vehicles

Sponsor:  Engler

This bill revises the definition of "salvage vehicle" to include
any motor vehicle, semitrailer, or house trailer which has been
damaged to the extent that the total cost of repairs to rebuild
the vehicle to its condition immediately before it was damaged
exceeds 75% of the fair market value of the vehicle prior to the
damage.  The bill defines "fair market value."

Salvage titles may be negotiable with one reassignment on the
back of the title by registered dealers or insurance companies.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am