SB 898

Abstract

Amends the Public-Private Partnerships for Transportation Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 630 ILCS 5/1 Adds reference to: 625 ILCS 5/3-101 from Ch. 95 1/2, par. 3-101 625 ILCS 5/3-111 from Ch. 95 1/2, par. 3-111 625 ILCS 5/3-111.1 from Ch. 95 1/2, par. 3-111.1 Replaces everything after the enacting clause. Amends the Illinois Vehicle Code. Requires every owner of a vehicle that is in the State for which no Illinois certificate of title has been issued by the Secretary of State and every owner of a vehicle that is in the State applying for a duplicate certificate of title or a corrected certificate of title to make application to the Secretary of State for an Illinois duplicate certificate of title or corrected certificate of title. Provides that any owner of a vehicle in the State with a certificate of title that was issued by an entity other than the Secretary of State and showing an Illinois address for the owner must be converted to an Illinois title before the owner can transfer the vehicle. Provides that under no circumstances shall a dealer required to obtain an Illinois certificate of title be allowed to obtain an out-of-state certificate of title for purposes of a vehicle held for sale in the State by the dealer. Provides that under no circumstances shall a dealer be allowed to obtain an out-of-state certificate of title in lieu of an Illinois-issued dealer lien release certificate of title when a dealer may have need of such title issuance. Prohibits a certificate of title or a duplicate certificate of title issued by another State showing an Illinois address for the owner from being used to transfer ownership of a vehicle. Requires the owner of a vehicle with a certificate of title or duplicate certificate of title issued by another state showing an Illinois address to first convert the certificate of title to an Illinois certificate of title before transferring ownership of the vehicle. Makes other changes. Effective immediately. House Floor Amendment No. 2 Replaces everything after the enacting clause with the provisions of the engrossed bill, and makes the following change: Excludes vehicles acquired by or transferred to or from an insurance company or lienholder taking title of a vehicle through repossession. Effective immediately.