Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1010 - CERTIFICATES OF TITLE, REGISTRATION OF VEHICLES
Subpart B - TITLES
Section 1010.120 - Salvage Certificate - Assignments and Reassignments

Universal Citation: 92 IL Admin Code ยง 1010.120

Current through Register Vol. 48, No. 38, September 20, 2024

In order to implement and clarify the provisions of Section 3-118 as to the number of assignments and reassignments of Salvage Certificates permitted by the Illinois Vehicle Code, the following information shall serve as a guide to the Secretary of State in making such determination:

a) A salvage certificate may be assigned to any dealer licensed as a Rebuilder, Automotive Parts Recycler, Scrap Processor or an out-of-state Salvage Vehicle Buyer under the Illinois Vehicle Code. Only one reassignment of that certificate is permissible and that reassignment shall be only to a dealer licensed under the Illinois Vehicle Code.

b) A transfer or assignment to an individual other than a licensed dealer under the Illinois Vehicle Code must be by means of a certificate of title which is in the name of the licensed dealer.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.