OAR 735-024-0170
Salvage Title — Assignment, Transfer, Requirements for Surrender
(1)
The owner of a vehicle issued a salvage title, must keep the title until:(a)
The frame or unibody are no longer subject to salvage requirements described in OAR 735-024-0130 (Salvage Title — Vehicles Subject and When/Who Required to Apply); or(b)
The vehicle is transferred to a new owner.(2)
If the vehicle is wrecked, dismantled, disassembled, or substantially altered in form, and the parts are transferred separately:(a)
The salvage title must remain with the frame or unibody, if it is still subject to salvage title requirements or is sold to someone in another jurisdiction;(b)
The salvage title must be surrendered to DMV if the frame or unibody is no longer subject to salvage title requirements and has not been sold to someone in another jurisdiction. In this case, the salvage title must be surrendered to DMV within 30 days of when the vehicle, including the frame or unibody, is no longer subject to salvage title requirements.(3)
The provisions of this rule relating to forms used for assigning interest and making odometer disclosures only apply to a vehicle or frame or unibody remaining in this state. Other states may require assignments and disclosures to be made on the salvage title or on secure assignment forms that may be submitted with the salvage title.(4)
A dealer, dismantler, or insurer is not required to apply for salvage title in their name if ownership of a vehicle or frame or unibody has been issued or is transferred to a dealer or dismantler who holds a certificate issued under ORS 822.020 (Issuance of certificate) or 822.110 (Dismantler certificate), or to an insurer. This section does not prohibit a dealer, dismantler or insurer from applying for a salvage title in their name:(a)
Except as provided in subsection (4)(b) of this rule, any assignment of interest to the insurer, dealer or dismantler must be made on:(A)
The current salvage title; or(B)
If all of the assignment spaces on the salvage title are filled up, a separate assignment must accompany and remain with the salvage title. If ownership of the vehicle is transferred at a later time, any assignment(s) not recorded on the title must be provided with the salvage title to the transferee at time of transfer.(b)
The assignment may be made on the replacement title application or on documents supporting the application for replacement title, if the salvage title is lost, mutilated or destroyed, and where allowed under OAR 735-024-0150 (Salvage Title — Application for Replacement Salvage Title), the replacement salvage title is to be issued in a name other than the current owner of record.(5)
If ownership of a vehicle or frame or unibody for which a salvage title has been issued is transferred to anyone other than a dealer or dismantler who holds a certificate issued under ORS 822.020 (Issuance of certificate) or 822.110 (Dismantler certificate), or an insurer, that person is required to apply for salvage title in his or her name. In this case:(a)
Assignments of interest may be made as provided in section (4) of this rule;(b)
Odometer disclosures may be made on the application for salvage title or as otherwise provided in OAR 735-028-0000 (Definitions Relating to Odometer Disclosures and Voluntary Odometer Readings); and(c)
The person must apply for salvage title as described in OAR 735-024-0140 (Salvage Title — Application for Original Salvage Title), or if the salvage title is lost, destroyed or mutilated, as provided in OAR 735-024-0150 (Salvage Title — Application for Replacement Salvage Title).
Source:
Rule 735-024-0170 — Salvage Title — Assignment, Transfer, Requirements for Surrender, https://secure.sos.state.or.us/oard/view.action?ruleNumber=735-024-0170.