Change provisions relating to salvage branded certificates of title

This bill (LB 112) changes Nebraska's rules for issuing "salvage branded" vehicle titles after accidents or total losses. It directly affects vehicle owners, insurance companies, and county treasurers by clarifying when a vehicle gets a salvage title and standardizing the process. Key provisions include redefining terms like "salvage" (based on repair costs exceeding 75% of value) and "structurally totaled" (damage to frame/structural parts), and requiring insurers to obtain titles from owners before applying for salvage branding. If owners keep the vehicle, insurers must notify the state to add the salvage brand to the record, and owners must submit titles to county treasurers within 30 days. The bill also allows insurers to apply for salvage titles without owner titles after 30 days if they’ve made documented attempts to obtain them.