49 CFR 591.4 – Definitions
All terms used in this part that are defined in 49 U.S.C. § 30102, 32101, 32301, 32502, and 33101 are used as defined in those sections except that the term “model year” is used as defined in part 593 of this chapter.
Terms Used In 49 CFR 591.4
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Administrator means the Administrator of NHTSA.
NHTSA means the National Highway Traffic Safety Administration of the Department of Transportation.
Dutiable value means entered value, as determined by the Secretary of the Treasury.
Original manufacturer means the entity responsible for the original manufacture or assembly of a motor vehicle, and does not include any person (other than such entity) who converts the motor vehicle after its manufacture to conformance with the Federal motor vehicle safety standards.
Reconstructed motor vehicle means a motor vehicle whose body is less than 25 years old and which is mounted on a chassis or frame that is not its original chassis or frame and that is less than 25 years old.
Salvage motor vehicle means a motor vehicle, whether or not repaired, which has been:
(1) Wrecked, destroyed, or damaged, to the extent that the total estimated or actual cost of parts and labor to rebuild or reconstruct the motor vehicle to its pre-accident condition and for legal operation on the streets, roads, or highways, exceeds 75 percent of its retail value at the time it was wrecked, destroyed, or damaged; or
(2) Wrecked, destroyed, or damaged, to which an insurance company acquires ownership pursuant to a damage settlement (other than a damage settlement in connection with a recovered theft vehicle unless such motor vehicle sustained sufficient damage to meet the 75 percent threshold specified in the first sentence); or
(3) Voluntarily designated as such by its owner, without regard to the extent of the motor vehicle’s damage and repairs.