HB4881

Modifies the process for obtaining titles to abandoned or junked motor vehicles on dealer property.

Removes the requirement that the loan value of the motor vehicle be less than $9,500 to allow an automobile dealer, licensed automobile auction, motor vehicle repair facility, or towing company to obtain a certificate of title and registration for an abandoned motor vehicle or junked vehicle. The bill outlines the notification process for the owner and lienholders, the conditions under which the vehicle can be sold, and the fees involved. The notice must be published within 15 days of the vehicle being taken into custody and possession.