1.1 	A bill for an act
1.2 	relating to motor vehicles; modifying the class of vehicles requiring a salvage 
1.3 	certificate of title;amending Minnesota Statutes 2016, section 168A.151, 
1.4 	subdivision 1.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2016, section 168A.151, subdivision 1, is amended to read:
1.7 		Subdivision 1.Salvage titles. (a) When an insurer, licensed to conduct business in 
1.8 	Minnesota, acquires ownership of a late-model or high-value vehicle through payment of 
1.9 	damages, the insurer shall immediately apply for a salvage certificate of title or shall stamp 
1.10 	the existing certificate of title with the legend "SALVAGE CERTIFICATE OF TITLE" in 
1.11 	a manner prescribed by the department. Within ten days of obtaining the title of a vehicle 
1.12 	through payment of damages, an insurer must notify the department in a manner prescribed 
1.13 	by the department.
1.14 	(b) A person shall immediately apply for a salvage certificate of title if the person acquires 
1.15 	a damaged late-model or high-value vehicle with an out-of-state title and the vehicle:
1.16 	(1) is a vehicle that was acquired by an insurer through payment of damages;
1.17 	(2) is a vehicle for which the cost of repairs exceeds the value of the damaged vehicle; 
1.18 	or
1.19 	(3) has an out-of-state salvage certificate of title as proof of ownership.
1.20 	(c) A self-insured owner of a late-model or high-value vehicle that sustains damage by 
1.21 	collision or other occurrence which exceeds 80 percent of its actual cash value shall 
1.22 	immediately apply for a salvage certificate of title.