NMVTIS Compliance Reporting for Salvage Pools and Tow Yards
Effective March 31, 2009, the Department of Justice final National Motor Vehicle Title Insurance System (NMVTIS) rule requires all salvage pools and yards including tow yards; junk yards, recyclers, and shredders; and insurers to report salvage automobiles to NMVTIS. For salvage companies, the rule requires reporting within 30 days of receipt of the automobile in inventory and again at disposition of the salvage.
ISO ClaimSearch is a data consolidator, appointed by the American Association of Motor Vehicle Administration (AAMVA). ISO ClaimSearch is authorized to report salvage for salvage pools to NMVTIS.
Pricing: A predetermined transaction fee is incurred for each VIN record submitted for reporting to NMVTIS.
For more information
To request information on the ISO ClaimSearch NMVTIS Compliance Reporting Service, send e-mail to firstname.lastname@example.org or call us at 1-800-888-4476.
We look forward to supporting your compliance with the NMVTIS rules.