Motor vehicles; salvaged titles; affidavit; form; collection of certain information; posting of certain sign; effective date.

HB 2882 amends Oklahoma law to establish clearer procedures for vehicles damaged to the point of being declared "salvage" (typically when repair costs exceed 60% of fair market value). It requires insurance companies, junk dealers, and owners to return titles to Service Oklahoma within 30 days, mandates specific title stamps for flood-damaged or recovered theft vehicles, and creates a rebuilt title process requiring visual inspections, repair documentation, and a sworn affidavit. The bill directly affects insurers processing claims, junk dealers, vehicle owners seeking to repair and retitle damaged vehicles, and licensed title offices. Key mechanisms include standardized title categories, documentation requirements for repairs, and a new rule requiring businesses to post signs about penalties for falsifying affidavit statements.