Ill. Admin. Code tit. 92 § 1010.120

Current through Register Vol. 49, No. 1, January 3, 2025

Section 1010.120 - Salvage Certificate - Assignments and Reassignments

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.

Ill. Admin. Code tit. 92, § 1010.120

Amended at 32 Ill. Reg. 17253, effective October 15, 2008