Overview of the Salvage Theft Exam Process

1. Bureau of Investigation & Identity Protection Overview of the Salvage Theft Exam Process From the Start to the Finish

2. What is a salvage vehicle? 321.52 Out-of-state sales - junked, dismantled, wrecked, or salvage vehicles. A "wrecked or salvage vehicle" means a damaged motor vehicle subject to registration and having a gross vehicle weight rating of less than thirty thousand pounds, for which the cost of repair exceeds fifty percent of the fair market value of the vehicle, as determined in accordance with rules adopted by the department, before it became damaged.

3. Why do we have salvage exams in Iowa? Stop and deter fraud!!! **Identify curb stoning **Prevent use of stolen parts **Identify and prevent title fraud **Identify zoning issues **Help identify and prevent odometer fraud In 2018 $765,600.00 was collected through the STE Process

4. Flooded Vehicles Crashed Stolen and burned

5. Travel trailers & other trailers?

6. 321.52 of the Iowa Code states:For purposes of this subsection a "wrecked or salvage vehicle" means a damaged motor vehicle with a GVWR less than thirty thousand pounds, for which the cost of repair exceeds 50% of its fair market value of the vehicle.

7. Where can I buy a salvage car?

8. FIX THE CAR! Save receipts and keep detailed records What if the car was purchased repaired?

9. 761—405.15(321) Salvage theft examination Except for foreign salvage titles assigned to licensed new motor vehicle dealers or authorized vehicle recyclers, a salvage theft examination may only be conducted on a vehicle with an Iowa Salvage Title Salvage Title.  The vehicle shall not be examined until it has been completely repaired, except for minor body parts such as trim, body marking or paint. Photo courtesy of Google Images

10. Next Step…go to the Iowa DOT website. The customer must use a computer….no mobile devices

11. Salvage Theft Exam Affidavit

12. The affidavit of repairs will outline all repairs completed The customer will pay $50.00. Once complete the customer can print off a permit to drive to the inspection location (only.)

13. Inspection • Unless the vehicle would require an Iowa Assigned VIN, the Bureau typically does not conduct the Salvage Theft Exam. The customer needs to use the link provided on the website to find the agency closest 98 Agencies and Sheriff Departments participate

14. The Officer will View vehicle and determine parts were not stolen Look for possible fraud Calculate the fair market value

15. Completed and approved! Salvage title --- Prior Salvage Pay fees based on fair market value

16. What if the customer disputes the value?

17. Cab changes Contact Investigator Phone Line at 515-237-3050 or email at invbureau@iowadot.us

18. Dealer licensing and engaging in the business • Problem. A licensed recycler is selling salvage branded vehicles to customers and completing the affidavit of repairs on behalf of the customer. • 2. A person other than a licensed dealer in new motor vehicles shall not engage in this state in the business of selling at retail used motor vehicles or represent or advertise that the person is engaged or intends to engage in such business in this state unless and until the department has licensed the person as a used motor vehicle dealer in the state and has issued to the person a license in writing as provided in this chapter. • A person selling at retail more than six motor vehicles during a twelve-month period may be presumed to be engaged in the business. Dealers should first transfer into their name prior to retail sale to the customer.

19. Questions??? Thank you!