(a) A motor vehicle that is classified as a non-repairable motor vehicle or salvage motor vehicle based solely on flood damage may be sold or transferred only as provided by this section.
(b) A salvage vehicle dealer may sell, transfer, or release a non-repairable motor vehicle or salvage motor vehicle to anyone if a non-repairable or salvage vehicle title or a comparable out-of-state ownership document has been issued for the motor vehicle provided a written disclosure has been made that the vehicle has been classified as a non-repairable motor vehicle or salvage motor vehicle based solely on flood damage.
(c) If a non-repairable or salvage vehicle title or a comparable out-of-state ownership document has not been issued for the motor vehicle, a salvage vehicle dealer may only sell, transfer, or release a non-repairable motor vehicle or salvage motor vehicle to:
(1) an insurance company;
(2) a governmental entity;
(3) a licensed salvage vehicle dealer;
(4) an out-of-state buyer;
(5) a metal recycler; or
(6) a used automotive parts recycler, provided a written disclosure has been made that the vehicle has been classified as a non-repairable motor vehicle or salvage motor vehicle based solely on flood damage.
Source Note: The provisions of this §221.50 adopted to be effective December 9, 2015, 40 TexReg 8802