VEH-CD REGISTRATION

Amends the Illinois Vehicle Code. Defines "autocycle". Provides for the registration of autocycles as well as the issuance and display of license plates for autocycles. Provides that operation of an autocycle requires a Class D driver's license. Provides that when presented with an application for vehicle registration, if the Secretary of State is not satisfied as to the ownership of the vehicle the Secretary may register the vehicle but, rather than issue a certificate of title, issue a provisional title. Provides that provisional titles are non-transferable and are valid for 3 years. Provides that at the end of the 3-year provisional title period, the provisional title holder must apply for a transferable title in the owner's name. Provides that if ownership of the vehicle is challenged during this 3-year provisional title period, the provisional title holder shall apply for a bond equal to 1.5 times the value of the vehicle to indemnify any owner or security interest holder against the cost of recovering their interest in the vehicle, including legal fees, for the remainder of the provisional title period. Provides that a provisional title holder whose ownership of the vehicle has been challenged or the person challenging ownership may petition a circuit court of competent jurisdiction to determine the ownership of the vehicle. Provides that a provisional title shall not be available to individuals or entities that rebuild, repair, store, or tow vehicles or have a claim against the vehicle under the Labor and Storage Lien Act or the Labor and Storage Lien (Small Amount) Act. Effective January 1, 2015.