I purchased a late model distressed vehicle at an auction from an insurance company. Since the insurance company did not apply for a salvage or scrap title, do I have to?Agency: State
Yes. If the vehicle meets the criteria for salvage (75% -90% of the predamaged value) or scrap (91% or more of the predamaged value), dealers are required by law to apply for the appropriate title within 5 days. For more information, see the information regarding special titles on the Secretary of State Web site, or the Salvage Section of the Dealer Manual.
If you did not find the information you need, enter a descriptive word or phrase in the Search field located in the upper right corner. Or send us an e-mail by clicking on “Contact the Secretary of State” also in the upper right corner and we will help you get the information you need.