Texas Transportation Code

§ 501.0935 — ISSUANCE OF TITLE TO SALVAGE POOL OPERATOR

TN § 501.0935Title 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)In this section, "salvage pool operator" has the meaning assigned by Section 2302.001, Occupations Code.

(b)This section applies only to a salvage pool operator who, on request of an insurance company, takes possession of a motor vehicle that is the subject of an insurance claim and the insurance company subsequently:

(1)denies coverage with respect to the motor vehicle; or

(2)does not otherwise take ownership of the motor vehicle. (b-1) An insurance company described by Subsection (b) shall notify the salvage pool operator of the denial of the claim regarding the motor vehicle or other disposition of the motor vehicle. The insurance company must include in the notice the name and address of the owner of the motor vehicle and the lienholder, if any.

(c)Before the 31st day after receiving notice under Subsection (b-1), a salvage pool operator shall notify the owner of the motor vehicle and any lienholder that:

(1)the owner or lienholder must remove the motor vehicle from the salvage pool operator's possession at the location specified in the notice to the owner and any lienholder not later than the 30th day after the date the notice is mailed; and

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1136 (H.B. 1422), Sec. 2, eff. September 1, 2011.