Iowa Admin. Code r. 761-405.7
Current through Register Vol. 47, No. 11, December 11, 2024
Rule 761-405.7 - Converting salvage title to regular title(1)General application procedure.a. To obtain a regular title, the owner in whose name the salvage title is issued or assigned shall pay the appropriate fees and surrender the following when applying for the regular title: (2) The salvage theft examination certificate issued in the applicant's name. However, a salvage theft examination certificate is not required if the vehicle has a gross vehicle weight rating of 30,000 pounds or more. See rule 761-405.15 (321) for salvage theft examination.b. A regular title and registration receipt issued pursuant to this subrule shall bear the designation "prior salvage." (2)Insurer's certification. An insurer who has title pursuant to Iowa Code subsection 321.52(4) may submit an insurer's certification in lieu of a salvage theft examination certificate. a. The insurer's certification shall: (1) Include the name and address of the insurance company and the VIN, year and make of the salvage titled vehicle.(2) Include a statement by the insurer certifying that the retail cost of repairs for all damages to the vehicle is less than $3000.(3) Be dated and signed by an authorized representative of the insurer.b. The insurer's certification is not transferable if the insurer assigns the salvage title to another person.c. A regular title and registration receipt issued pursuant to this subrule is not required to have a designation of "prior salvage." However, the title and registration receipt shall bear any designation to be carried forward, as explained in rule 761-405.10 (321).Iowa Admin. Code r. 761-405.7