If a stolen vehicle is recovered, the insurer or self insurer shall, within forty-five days of recovery, inspect the vehicle and apply for a title. If the vehicle has no damage or the damage is less than that defined in § 32-3-51.19, the insurer or self insurer shall surrender the existing salvage title to the department. The department shall promptly issue a title marked as a recovered theft with no salvage notation. However, if the condition of the vehicle is such that it would have been determined a salvage vehicle as defined in § 32-3-51.19 due to the damage to the vehicle, the salvage title is retained and the insurer or self insurer is not required to apply for a title pursuant to this section.

Source: SL 2010, ch 150 , § 2; SL 2015, ch 157 , § 11; SL 2016, ch 154 , § 7.