Bill > HB5234

This bill modifies the Michigan Vehicle Code to clarify and update regulations concerning salvage vehicles, particularly how insurance companies and dealers handle them. Key changes include updating the timeframe for insurance companies to surrender titles to the Secretary of State (now within 30 days of claim payment), specifying that fees collected by police agencies for salvage vehicle inspections can be used for broader law enforcement purposes like equipment and training to protect public health and safety, and requiring dealers to maintain records of scrap vehicle transactions in a digital format. The bill also adjusts language regarding the types of entities that can be assigned salvage or scrap vehicle titles and clarifies the process for applying for these titles, ensuring that the Secretary of State can issue them to insurance companies even if the owner fails to surrender the original title within the specified timeframe, provided the insurance company demonstrates proof of payment and multiple written requests for the title.