Relating to obtaining title to abandoned or junked motor vehicles abandoned on the property or place of business of an automobile dealer

HB 4881 removes a $9,500 value limit that previously prevented automobile dealers, licensed auctions, repair facilities, or towing companies from obtaining titles for abandoned or junked vehicles on their property. The bill allows these businesses to apply for title and registration for any abandoned vehicle - regardless of its value - after following standard notification procedures to the owner and lienholders. If the vehicle isn't claimed within 10 days (or after publication notice if the owner can't be found), the business may sell it. This change directly affects dealers and related businesses handling abandoned vehicles, streamlining title processing for all such vehicles.