Rhode Island § 31-46-3 § 31-46-3. Salvage by non-insurer.

Rhode Island Statutes

§ 31-46-3 — § 31-46-3. Salvage by non-insurer.

Rhode Island·Title 31 Motor and Other vehicles·Ch. 31-46 Rhode Island Salvage Law

§ 31-46-3. Salvage by non-insurer.
If the total cost of repairs to rebuild or reconstruct the motor vehicle to its condition
            immediately before it was wrecked, destroyed or damaged, and for legal operations
            on the roads or highways, exceeds seventy-five percent (75%) of the fair market value
            of the motor vehicle immediately preceding the time it was wrecked, destroyed or damaged,
            and the motor vehicle is less than seven (7) years beyond the date of manufacture,
            the owner shall return within ten (10) days to the division of motor vehicles, the
            certificate of title of that vehicle and obtain a salvage certificate of title for
            that vehicle 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 31-46-3. Salvage by non-insurer.

If the total cost of repairs to rebuild or reconstruct the motor vehicle to its condition immediately before it was wrecked, destroyed or damaged, and for legal operations on the roads or highways, exceeds seventy-five percent (75%) of the fair market value of the motor vehicle immediately preceding the time it was wrecked, destroyed or damaged, and the motor vehicle is less than seven (7) years beyond the date of manufacture, the owner shall return within ten (10) days to the division of motor vehicles, the certificate of title of that vehicle and obtain a salvage certificate of title for that vehicle as prescribed for by the administrator of the division of motor vehicles. For the purposes of this section, "fair market valueâ€� shall mean the retail value of a motor vehicle as set forth in a current edition of any nationally recognized compilation of retail values, including automated databases, or from publications commonly used by the automotive industry to establish the values of motor vehicles, or determined pursuant to market survey of comparable vehicles with regard to condition and equipment. If any person, individual, or corporation or other owner sells the motor vehicle for any reason, that owner shall make application for a salvage certificate of title. The division of motor vehicles shall issue the salvage certificate of title on a form prescribed by the administrator of the division of motor vehicles that shall be of a color easily distinguished from the original certificate of title and shall bear the same number and information as the original certificate of title. The administrator of the division of motor vehicles shall charge the owner a fee of fifty dollars ($50.00) for the cost of processing each salvage certificate of title.

Rhode Island § 31-46-3 (§ 31-46-3. Salvage by non-insurer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1977, ch. 144, § 1; P.L. 1983, ch. 221, § 2; P.L. 1988, ch. 196, § 1; P.L. 1990, ch. 13, § 4; P.L. 1992, ch. 15, art. 7, § 2; P.L. 1993, ch. 138, art. 85, § 4; P.L. 2007, ch. 385, § 1; P.L. 2007, ch. 489, § 1; P.L. 2009, ch. 5, art. 9, § 4.