Bill > SB1920

This bill, effective November 1, 2026, amends Oklahoma law to increase the percentage of damage a vehicle must sustain to be considered a total loss and require its title to be surrendered for a salvage title. Specifically, it changes the threshold from sixty percent (60%) to seventy percent (70%) of the vehicle's fair market value. This means that if the cost to repair a vehicle for safe operation on the highway exceeds seventy percent (70%) of its fair market value, the owner must surrender the certificate of title to Service Oklahoma, the state's motor vehicle agency, or a licensed operator within thirty (30) days. Service Oklahoma will then issue a salvage title, which indicates the vehicle has been significantly damaged. The bill also updates various statutory references and clarifies language related to vehicle titles, salvage vehicles, and rebuilt vehicles.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1920&Session=2600