California Statutes

§ 10902. — 10902. (Amended by Stats. 2003, Ch. 719, Sec. 2.)

California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 5. PART 5. VEHICLE LICENSE FEE·Ch. 3. CHAPTER 3. Collections and Refunds·Art. 3. ARTICLE 3. Refunds
(a)In the event of a constructive total loss, in which the repair value exceeds the market value of the vehicle less the anticipated salvage value, or a nonrepairable vehicle, or an unrecovered total loss, due to a theft, of a vehicle, the in-lieu fee portion of the vehicle license fee that has been paid, less any offset provided in Section 10754, shall be refunded to the current registered owner (the owner of the salvage value of the vehicle), or credited against the vehicle license fee owed on the owner’s replacement vehicle. The amount refunded or credited shall be based upon one-twelfth of the annual in-lieu fee, less any offset provided by Section 10754, for each full month that remains until the registration expires.
(b)No refund or credit may be made pursuant to this section

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California § 10902. (10902. (Amended by Stats. 2003, Ch. 719, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2003, Ch. 719, Sec. 2. Effective January 1, 2004.
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