Texas Transportation Code

§ 501.0925 — INSURANCE COMPANY NOT REQUIRED TO SURRENDER CERTIFICATES OF TITLE IN CERTAIN SITUATIONS

TN § 501.0925Title 7. VEHICLES AND TRAFFIC · Part A. CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES · Ch. 501. CERTIFICATE OF TITLE ACT · Art. E. NONREPAIRABLE AND SALVAGE MOTOR VEHICLES

Statute text

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(a)An insurance company that acquires, through payment of a claim, ownership or possession of a motor vehicle covered by a certificate of title that the company is unable to obtain may obtain from the department not earlier than the 30th day after the date of payment of the claim:

(1)a salvage vehicle title for a salvage motor vehicle;

(2)a nonrepairable vehicle title for a nonrepairable motor vehicle; or

(3)a regular certificate of title for a motor vehicle other than a salvage motor vehicle or a nonrepairable motor vehicle.

(b)An application for a title under Subsection (a) must be submitted to the department on a form prescribed by the department and include:

(1)a statement that the insurance company has provided at least two written notices attempting to obtain the certificate of title for the motor vehicle; and

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 20.007, eff. September 1, 2013.