§ 9-22-3-4.1 — Assignment of certificate of title by lienholder to insurance company; certificate of salvage title; fee; violation

Indiana § 9-22-3-4.1

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 22: ABANDONED, SALVAGED, AND SCRAP
• Ch. 3: Salvage Motor Vehicles

Text

1. (a) This section applies to a vehicle:
(1) for which an insurance company has made and paid an agreed
settlement; and
(2) that meets at least one (1) of the criteria set forth in section 3
of this chapter.
(b) A person that owns or holds a lien upon a vehicle described in
subsection (a) shall assign the certificate of title to the insurance
company described in subsection (a) not more than thirty (30) days
after the date of settlement. An assignment under this subsection does
not require notarization and may be signed electronically.
(c) The insurance company shall:
(1) apply to the bureau within forty-five (45) days after receipt of
the certificate of title for a certificate of salvage title for each
vehicle subject to this chapter;
(2) if in the possession of the insurance company, surrender the:
(A) certificate of title, signed or unsigned; or
(B) other proof of ownership;
to the bureau; and
(3) pay a salvage title fee of four dollars ($4). The fee shall be
deposited in the motor vehicle highway account.
(d) After the bureau has received the items set forth in subsection
(c)(2) and (c)(3), the bureau shall issue a certificate of salvage title for
a vehicle to:
(1) the owner, if the owner retains possession of the vehicle as
part of an agreed settlement with an insurance company for the
vehicle; or
(2) the insurance company, if the owner does not retain
possession.
(e) Except as provided in section 4.4 of this chapter, a person that
violates this section commits a Class D infraction.
[Pre-2016 Revision Citations: 9-22-3-11; 9-29-7-2.3(a);
subsection (c) formerly 9-29-7-2.3(a).]

Legislative History

As added by P.L.198-2016, SEC.385. Amended by P.L.227-2025, SEC.21.