Oklahoma § 47-591.11 - Salvage pool or salvage disposal sales - Sales to

§ 47-591.11. Salvage pool or salvage disposal sales - Sales to

unqualified buyers prohibited - Insurance company sales – Payment –

Register - Consignment auction.

A. Sales at a salvage pool or salvage disposal sale may be

opened only to:

1. A person who is a resident of this state;

2. A company representative of a business that is based in this

state; or

3. A person who may legally purchase salvage vehicles in his or

her home state or country.

B. It shall be the duty of the owner, manager or person in

charge of any salvage pool or salvage disposal sale to prohibit the

bidding by any person who is not qualified to purchase salvage

vehicles as provided in subsection A of this section and, further,

to refuse to sell to any person any wrecked or repairable motor

vehicle if such person is not qualified to purchase salvage vehicles

as provided in subsection A of this section.

C. Any salvage pool or salvage disposal sale that is

facilitating in the sale of a motor vehicle for an insurance company

must provide on its website the full seventeen-digit vehicle

Oklahoma Statutes - Title 47. Motor Vehicles

identification number (VIN) and the name of the insurance company

that is selling the motor vehicle.

D. The salvage pool or salvage disposal sale shall show the

buyer's identification number of the winning bidder on any sale that

takes place on the Internet or by online bidding for all salvage

motor vehicles being sold for an insurance company.

E. It shall be the duty of the owner, manager or person in

charge of any salvage pool or salvage disposal sale to remit

payments to the Oklahoma Used Motor Vehicle, Dismantler, and

Manufactured Housing Commission. Such payments shall be calculated

by multiplying the total number of salvage vehicle sales

transactions during a certain period times Two Dollars ($2.00). The

first payment shall not be calculated on any sales transactions

prior to November 1, 2007. The payments shall not be made more

often than one payment each month. The payments shall be

transmitted to the Oklahoma Used Motor Vehicle, Dismantler, and

Manufactured Housing Commission at any time during the thirty (30)

days immediately following the period for which the payment was

calculated.

F. Every salvage pool shall keep a register of all sales of

salvage vehicles showing the make, model, year, style, vehicle

identification number, and names and addresses of the purchaser and

seller of the motor vehicle. Such registers shall be submitted to

the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured

Housing Commission on a regular basis.

G. The provisions of this section shall not apply to a

regularly scheduled vehicle consignment auction conducted by a used

motor vehicle dealer which sells salvage vehicles, damaged vehicles,

wrecked vehicles or repairable vehicles for someone other than a

public insurance company. Such auction may sell these vehicles as

an incident to the sale of operable vehicles, but shall not

constitute a primary part of the business.

Added by Laws 1980, c. 273, § 11, eff. Jan. 1, 1981. Amended by

Laws 1992, c. 242, § 3, eff. July 1, 1992; Laws 1996, c. 332, § 6,

eff. Nov. 1, 1996; Laws 2004, c. 519, § 29, eff. Nov. 1, 2004; Laws

2006, c. 107, § 1, eff. Nov. 1, 2006; Laws 2006, c. 213, § 7, eff.

Nov. 1, 2006; Laws 2007, c. 56, § 1, eff. Nov. 1, 2007; Laws 2008,

c. 333, § 1, eff. Nov. 1, 2008; Laws 2015, c. 386, § 6, eff. Nov. 1,

2015; Laws 2022, c. 107, § 12, eff. Nov. 1, 2022.