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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2224 - Vehicle Salvage Title Modification
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Author:
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Senator John R. Jasinski
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Prepared By:
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Alexis C. Stangl, Senate Counsel (651/296-4397)
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Date:
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February 18, 2020
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S.F. No. 2224 broadens the requirements for an insurer to obtain a salvage title to cover all vehicles. Under current law, a salvage title is only required for late-model vehicles (five-years old or newer) or high value vehicles (worth over $9,000 before being damaged or an older vehicle having a gross weight of over 26,000 pounds). A person who retains a late-model or high value vehicle and receives a total loss settlement from an insurer must apply for a salvage title.
ACS/syl
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Check on the status of this bill
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Last review or update: 02/18/2020
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