{"content":[{"text":"Policy Clarification Regarding Tow Operators/Towing Companies Reporting Requirements to the \n National Motor Vehicle Title Information System (NMVTIS) Under the Anti Car Theft Acts \n Date Issued: January 27, 2011","bbox":{"left":0.123915,"top":0.190375,"width":0.752144,"height":0.051170999999999994}},{"text":"This policy clarification is a response to questions from tow operators, towing companies, and similar business \n entities, and their representatives, regarding application of certain provisions of the Anti Car Theft Acts and \n NMVTIS regulations.","bbox":{"left":0.094132,"top":0.254023,"width":0.796949,"height":0.05046400000000001}},{"text":"Pursuant to the Anti Car Theft Act of 1992 (Public Law 102-519), the Anti-Car Theft Improvements Act of \n 1996 (Public Law 104-152) (collectively “the Anti Car Theft Acts”), a junk yard is defined as “an individual or \n entity engaged in the business of acquiring or owning junk automobiles for— 1) Resale in their entirety or as \n spare parts; or 2) Rebuilding, restoration, or crushing.” A salvage yard is defined as “an individual or entity \n engaged in the business of acquiring or owning salvage automobiles for— 1) Resale in their entirety or as spare \n parts; or 2) Rebuilding, restoration, or crushing.” The NMVTIS implementing regulations (28 CFR part 25, \n published January 30, 2009, 74 FR 5740) make clear that these definitions are understood to include businesses \n such as vehicle remarketers and vehicle recyclers, including scrap vehicle shredders and scrap metal processors \n as well as “pull- or pick-apart yards,” salvage pools, salvage auctions, and other types of auctions handling \n salvage or junk vehicles (including vehicles declared by any insurance company to be a “total loss” regardless of \n any damage assessment).","bbox":{"left":0.094114,"top":0.317962,"width":0.811022,"height":0.178189}},{"text":"An entity engaged in the business of acquiring or owning junk or salvage automobiles is one that is engaged in \n the business of owning, possessing, handling, directing, or controlling such automobiles. See 28 C.F.R. 25.52. \n Thus, if an entity is so engaged, for the purpose of reselling the junk or salvage automobiles (in their entirety or \n as spare parts), or for the purpose of rebuilding, restoring, or crushing the junk or salvage automobiles, then such \n entity is a junk yard or salvage yard for purposes of the Anti Car Theft Acts and the NMVTIS regulations. A \n junk or salvage yard that handles five or more junk or salvage vehicles per year is required to provide monthly \n reports to NMVTIS consistent with the Anti Car Theft Acts and NMVTIS regulations.","bbox":{"left":0.094112,"top":0.509544,"width":0.811618,"height":0.114344}},{"text":"The NMVTIS regulations define a junk automobile as follows: “an automobile that— 1) Is incapable of \n operating on public streets, roads, and highways; and 2) Has no value except as a source of parts or scrap.” 28 \n C.F.R. 25.52. The NMVTIS regulations define a salvage automobile as follows: “an automobile that is \n damaged by collision, fire, flood, accident, trespass, or other event, to the extent that its fair salvage value plus \n the cost of repairing the automobile for legal operation on public streets, roads, and highways would be more \n than the fair market value of the automobile immediately before the event that caused the damage. Salvage \n automobiles include automobiles determined to be a total loss under the law of the applicable jurisdiction or \n designated as a total loss by an insurer under the terms of its policies, regardless of whether or not the \n ownership of the vehicle is transferred to the insurance carrier.” 28 C.F.R. 25.52 (Please see ATTACHMENT \n A for additional information to determine if an automobile meets the NMVTIS salvage automobile definition). \n Vehicles determined to meet the above definitions of junk or salvage automobiles, including vehicles with non- \n salvage titles, must be reported to NMVTIS. The NMVTIS regulations state that reporting entities must report \n all junk or salvage automobiles they obtain, including vehicles from or on behalf of insurance carriers, which \n can be reasonably assumed are total loss vehicles. Such entities, however, are not required to report any \n automobile that is determined not to meet the NMVTIS definition of junk or salvage after a good-faith physical \n and value appraisal is conducted by qualified, independent appraisal personnel. 28 C.F.R. 25.56(g).","bbox":{"left":0.094109,"top":0.637364,"width":0.804281,"height":0.258039}},{"text":"1 of 3","bbox":{"left":0.47902,"top":0.936765,"width":0.042014999999999914,"height":0.01849400000000001}}],"images_bbox":[{"left":0.036471,"top":0.072727,"width":0.271765,"height":0.083636},{"left":0.568039,"top":0.075909,"width":0.317528,"height":0.050076},{"left":0.568039,"top":0.125985,"width":0.317528,"height":0.050076}],"images_bbox_not_text_overlap":[{"left":0.036471,"top":0.072727,"width":0.271765,"height":0.083636},{"left":0.568039,"top":0.075909,"width":0.317528,"height":0.050076},{"left":0.568039,"top":0.125985,"width":0.317528,"height":0.050076}]}