Relating to the definition of a totaled vehicle.

HB 3359 modifies Oregon's definition of a "totaled vehicle" in the Vehicle Code. It clarifies that a vehicle is "totaled" if: (1) an insurer declares it a financial total loss, (2) it's stolen and unrecovered within 30 days, or (3) repair costs equal at least 80% of its pre-damage retail market value. This change directly affects vehicle owners, insurers, and law enforcement when determining insurance claims and legal status after accidents or theft. The bill uses plain language to set a clear, objective threshold for repair costs based on standard market value publications.