Federal Requirement for Tow Companies
Tracker Management is now integrated with Auto Data Direct (ADD)
If you own, possess, handle, direct or control five or more junk or salvage vehicles per year you must report to the National Motor Vehicle Title Information System (NMVTIS). On January 27, 2011, the Department of Justice (DOJ) issued a policy clarification that states tow companies, wrecker operators and tow truck services are included in the NMVTIS program regulations, making it mandatory for those businesses to report information on junk and salvage vehicles.
For in depth information on the reporting requirements visit trackermanagment.com or review the DOJ’s policy clarification at NMVTIS.gov/Towing_Clarification_12711.pdf.
Tracker’s mission is to provide leading edge software, computer and wireless communication systems technology to fleet industry business owners, primarily engaged in towing and recovery and we are proud to work with Auto Data Direct to offer this new service for the towing community.
NMVTIS Salvage Automobile Determination Worksheet
NMVTIS Salvage Automobile Formula:
Fair Salvage Value + Cost of Repairing the Automobile for Legal Operation > Fair Market Value Immediately Before Damage
A. Fair Salvage Value of Automobile (current condition): $______
B. Cost of Repairing the Automobile for Legal Operation: $______
D. Fair Market Value of Automobile Immediately Before Damage: $______
If the value on Line C is greater than the value on Line D, then the vehicle meets the definition of “Salvage Automobile” and must be reported to NMVTIS.
If a vehicle has been declared a “total loss” by any insurance company or would be considered as such under the law of the applicable jurisdiction, then the above formula and assessment are not necessary. All “Total Loss” vehicles meet the definition of “Salvage Automobile” and must be reported to NMVTIS.
If the vehicle is a “Junk Automobile,” meaning that it is incapable of operating on public streets, roads and highways and has no value except as a source of parts or scrap, then the above formula and assessment are not necessary and the “Junk Automobile” must be reported to NMVTIS.
NMVTIS Reporting Made Easier Through Tracker Management System and Auto Data Direct
With the recent Department of Justice policy clarification regarding the towing industry’s responsibility to report junk and salvage vehicles to the National Motor Vehicle Title Information System (NMVTIS), tow and wrecker operators throughout the nation are seeking an easy to use and reliable service to ensure compliance with the rule. Tracker Management System and Auto Data Direct, Inc. have teamed up to provide a solution that enhances efficiency, timeliness, and regulatory compliance.
Tracker has specialized in business management and dispatch tools for the tow industry for over 20 years. As the preferred vendor for tow companies of all sizes, Tracker systems dispatch over 100,000 tows each day throughout the country.
Auto Data Direct, Inc. (ADD) was the first company contracted with the American Association of Motor Vehicle Administrators (AAMVA) as a data consolidator for salvage pools, recyclers, and insurance companies required to report vehicle junk and salvage information to the NMVTIS database. ADD’s NMVTIS upload tools are designed to help businesses fulfill the reporting requirement quickly and easily.
Tracker is adding functionality to its software that makes it easy for impound lot companies to regularly report lists of qualifying vehicles to NMVTIS. Tracker will provide complete one-stop compliance reporting signup and transmission services for lot managers with data going to the government through Auto Data Direct.
“Tracker has always been committed to continuously improving our product for our customers,” says Jim Weaver, C.E.O. “Collaborating with ADD and providing access to their NMVTIS upload tools will give our customers the ability to easily comply with the federal rules.”
Jim Taylor, ADD’s President, agrees. “Since contracting with AAMVA to serve as an upload portal, we have worked with individual tow companies as well as management systems to ensure the industry has access to a high quality program that lets them fulfill their obligation to report in a simple and effective manner.” Taylor says the integration of ADD’s NMVTIS reporting feature with Tracker’s management and dispatch system offers those tow businesses a great solution for meeting this new requirement.
For more information on Tracker Management Systems and Auto Data Direct, Inc., you can visit their respective websites at trackermanagement.com and add123.com.
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