LB112

Nebraska LB112 amends definitions and procedures for salvage branded certificates of title.

Nebraska LB112 modifies the definitions and procedures for salvage branded certificates of title. It redefines terms such as "flood damaged," "previously salvaged or rebuilt," and "retail value." The bill also allows insurance companies to apply for a salvage branded certificate of title without the owner's endorsed certificate of title if certain conditions are met. Additionally, it repeals sections 60-171 and 60-173 of the Reissue Revised Statutes of Nebraska and replaces them with new provisions.