Senate Counsel, Research and Fiscal Analysis

G-17 State Capitol 75 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1606 (651) 296-4791 Fax: (651) 296-7747 Tom Bottern Director

Senate
State of Minnesota

S.F. No. 871 - High-Value Motor Vehicle Salvage Title

Author: Prepared By: Senator Roger J. Reinert Bonnie Berezovsky, Senate Counsel (651/296-9191) Krista Boyd, Senate Fiscal Analyst (651/296-7681) March 20, 2013

Date:

Section 1 changes from $5,000 to $9,000 the minimum pre-damage value to warrant classification of the vehicle as a "high-value vehicle." Current law requires an insurance company that acquires a high-value vehicle through payment of damages, or a person who acquires a similar vehicle from out of state under specified circumstances, to apply to the Department of Public Safety for a salvage certificate of title. BB/KB:rer