CA DMV
VIRP Manual
Executive Summary
California DMV VIRP section 23.040 (Salvage Vehicles) covers a motor vehicle bond must be used when a regular title is not available for a vehicle reported sold as salvage. The bond amount must be for the amount of the payoff to the insured plus the amount paid by the salvage buyer. Part of Bonds and Certifications. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.
Key Takeaways
- A motor vehicle bond must be used when a regular title is not available for a vehicle reported sold as salvage.
- The bond amount must be for the amount of the payoff to the insured plus the amount paid by the salvage buyer.
- (CVC §11515) Example: If the payoff to the insured is $2,100, and the amount paid by the salvage buyer is $300, the amount of the bond must be $2,400.
- Note A motor vehicle bond is not required if an acceptable Unobtainable Title Certification for Issuance of Salvage/Nonrepairable Certificate (REG 492 (PDF))….
- Do not return the application on a report of deposit of fees (RDF) to request a motor vehicle bond, a lien satisfied (when there is a lien holder on record),….
Important Facts
- Manual section
- 23.040
- Chapter
- Bonds and Certifications
- Manual text
- Verbatim DMV VIRP source below the overview