| (a) A motor vehicle that is classified as a non-repairable
motor vehicle or salvage motor vehicle based solely on flood damage
may be sold or transferred only as provided by this section.
(b) A salvage vehicle dealer may sell, transfer, or
release a non-repairable motor vehicle or salvage motor vehicle to
anyone if a non-repairable or salvage vehicle title or a comparable
out-of-state ownership document has been issued for the motor vehicle
provided a written disclosure has been made that the vehicle has been
classified as a non-repairable motor vehicle or salvage motor vehicle
based solely on flood damage.
(c) If a non-repairable or salvage vehicle title or
a comparable out-of-state ownership document has not been issued for
the motor vehicle, a salvage vehicle dealer may only sell, transfer,
or release a non-repairable motor vehicle or salvage motor vehicle
to:
(1) an insurance company;
(2) a governmental entity;
(3) a licensed salvage vehicle dealer;
(4) an out-of-state buyer;
(5) a metal recycler; or
(6) a used automotive parts recycler, provided a written
disclosure has been made that the vehicle has been classified as a
non-repairable motor vehicle or salvage motor vehicle based solely
on flood damage.
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