Indiana Code 9-22-3-4.3. Delinquent certificate of salvage title; administrative penalty
Current as of: 2024 | Check for updates
|
Other versions
Sec. 4.3. (a) The bureau shall collect an administrative penalty of ten dollars ($10) if:
(2) the owner of a salvage vehicle retains possession of the salvage vehicle and the owner fails to apply for a certificate of salvage title not later than forty-five (45) days after the settlement of loss with the insurance company.
(1) a purchaser or transferee of a salvage vehicle fails to apply for a certificate of salvage title or a transfer of title, by assignment, not later than forty-five (45) days after the salvage vehicle is purchased or otherwise acquired; or
Terms Used In Indiana Code 9-22-3-4.3
- Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
- 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.
The fee shall be deposited in the motor vehicle highway account.
(b) Except as provided in section 4.4 of this chapter, a person that violates this section commits a Class D infraction.
As added by P.L.198-2016, SEC.387.