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Senate committee advances bill to let insurers and salvage yards seek vehicle titles when owners cannot be located
Summary
The Minnesota Senate Transportation Committee approved an amendment and moved Senate File 950 to the Commerce Committee after testimony that the bill would create a title-application process for total-loss and abandoned vehicles similar to rules in neighboring states.
The Minnesota Senate Transportation Committee on Feb. 10 approved an author's amendment and advanced Senate File 950 to the Commerce Committee, a bill intended to let insurance companies and auto-auction businesses obtain titles for certain total-loss or abandoned vehicles when existing title transfer channels are blocked.
Supporters told the committee the change would align Minnesota with many neighboring states and reduce the operational and storage problems that arise when insurers or yards cannot secure a vehicle's title. Todd Hill, a consultant for Copart, testified that Copart operates three Minnesota locations and “there are times when an insurance…
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