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Latest Update: Saturday, October, 11th 2008
VEH CD-SALVAGE TITLES
Amends the Illinois Vehicle Code. Provides that a vehicle that is owned by a self-insured company and is to be sold in the State of Illinois shall be considered salvage if the vehicle has sustained damage to the extent that the self-insured company determines the vehicle to be a total loss, or if the cost of repairing the damage would be greater than 50% of its fair market value. Establishes requirements for obtaining a salvage certificate for the vehicle. Provides for exchange of a salvage certificate for a certificate of title if a vehicle owned by a self-insured company that was declared a total loss because of a theft is recovered without damage.
Latest Actions
- 08/28/2007 - Effective Date January 1, 2008
- 08/28/2007 - Governor Approved
- 08/28/2007 - Public Act . . . . . . . . . 95-0495
- 06/29/2007 - Sent to the Governor
- 05/31/2007 - Third Reading - Short Debate - Passed 115-000-000
show all actions- 08/28/2007 - Effective Date January 1, 2008
- 08/28/2007 - Governor Approved
- 08/28/2007 - Public Act . . . . . . . . . 95-0495
- 06/29/2007 - Sent to the Governor
- 05/31/2007 - Third Reading - Short Debate - Passed 115-000-000
- 05/31/2007 - Passed Both Houses
- 05/31/2007 - Added Alternate Chief Co-Sponsor Rep. William B. Black
- 05/29/2007 - Added Alternate Co-Sponsor Rep. Arthur L. Turner
- 05/29/2007 - Second Reading - Short Debate
- 05/29/2007 - Placed on Calendar Order of 3rd Reading - Short Debate
- 05/09/2007 - Placed on Calendar 2nd Reading - Short Debate
- 05/08/2007 - Do Pass / Short Debate Judiciary I - Civil Law Committee; 012-000-000
- 05/08/2007 - Do Pass / Short Debate Judiciary I - Civil Law Committee 012-000-000
- 04/30/2007 - Assigned to Judiciary I - Civil Law Committee
- 04/09/2007 - First Reading
- 04/09/2007 - Referred to Rules Committee
- 03/30/2007 - Third Reading - Passed; 056-000-000
- 03/30/2007 - Arrived in House
- 03/30/2007 - Placed on Calendar Order of First Reading
- 03/30/2007 - Chief House Sponsor Rep. Marlow H. Colvin
- 03/30/2007 - Third Reading - Passed 056-000-000
- 03/22/2007 - Second Reading
- 03/22/2007 - Placed on Calendar Order of 3rd Reading March 27, 2007
- 03/14/2007 - Do Pass Transportation; 010-000-000
- 03/14/2007 - Placed on Calendar Order of 2nd Reading March 15, 2007
- 03/14/2007 - Do Pass Transportation 010-000-000
- 03/13/2007 - Added as Co-Sponsor Sen. Pamela J. Althoff
- 02/21/2007 - Assigned to Transportation
- 02/08/2007 - Filed with Secretary by Sen. Iris Y. Martinez
- 02/08/2007 - First Reading
- 02/08/2007 - Referred to Rules
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