ISO ClaimSearch can be used to meet NMVTIS reporting requirements.
Jersey City, N.J.-based ISO, a provider of data, analytics and decision-support services to a number of industries, has announced the launch of a new service to help automobile recyclers, dismantlers, shredders and junk yards meet the new U.S. Department of Justice requirement to report salvage vehicles to the National Motor Vehicle Title Information System (NMVTIS).
The National Motor Vehicle Title Information System was established by the Anti-Car Theft Act of 1992 to assist in efforts to prevent the introduction or reintroduction of stolen and salvaged motor vehicles into interstate commerce. NMVTIS is intended to provide authorized recipients with instant and reliable access to motor vehicle titling information maintained by the states.
In January 2009, the Department of Justice issued a final rule implementing requirements for reporting information on salvage vehicles to NMVTIS. Under the rule, recyclers, dismantlers, shredders and junk yards must report the intake and the disposition of salvage vehicles to NMVTIS.
The American Association of Motor Vehicle Administrators, the operator of NMVTIS, has designated ISO an authorized data consolidator. Insurers, salvage companies, recyclers and junk yards can comply with the NMVTIS requirements by reporting the required data to ISO’s insurance claims database service, ISO ClaimSearch, which will report to NMVTIS on their behalf.
ISO ClaimSearch is a claims database that represents most automobile insurers and is used by insurance industry personnel, law enforcement and other parties involved in the investigation of vehicle-related crimes and insurance claims fraud.
To respond to the specific needs of recyclers, shredders, dismantlers and junk yards, ISO ClaimSearch offers several reporting options. In conjunction with the National Salvage Vehicle Reporting Program (NSVRP), ISO is also working with several automotive recycling software vendors to support the NMVTIS reporting capability for the recycler and shredder community.
Companies interested in finding out more about the NMVTIS reporting requirements and the ISO ClaimSearch NMVTIS Compliance Reporting Service can find information at www.iso.com/NMVTIS.