Sd Eform 0862 V5 - South Dakota Salvage, Recovered Theft, And Uniform Damage Disclosure Statement
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SD EForm - 0862
V5
HELP
South Dakota Salvage, Recovered Theft, and Uniform Damage Disclosure Statement
MV-610
South Dakota Department of Revenue
Revised
Division of Motor Vehicles
07/10
445 E. Capitol Avenue | Pierre, SD 57501-3185 | 605-773-3541
Instructions
Salvage Title: State law requires that if an insurer, in settlement of a total loss insurance claim, or self-insurer acquires ownership of a
vehicle determined a total loss, the insurer shall within 30 days of acquisition of the title, surrender it and apply for a salvage title. If the
owner retains possession of the vehicle, the owner shall prior to sale or transfer of the title obtain a salvage title. Failure to do so is a
Class 1 misdemeanor. Salvage titles are required on motor vehicles less than 7 years old and vehicles that weigh less than 16,000
GVWR.
Damage Disclosure: State law requires that upon the sale, transfer or trade in of a motor vehicle or large boat, the person who sells,
transfers or trades the vehicle or large boat, must provide a completed Damage Disclosure Statement to the person to whom the vehicle
or large boat is transferred. If a motor vehicle or large boat, which is titled in another jurisdiction, is to be titled in South Dakota, the
person who registers the vehicle or large boat (importer) must also complete a Damage Disclosure Statement. Any person who, when
required to do so, fails to complete or falsifies this disclosure is guilty of a Class 1 misdemeanor. Disclosure statements are required if
the vehicle or large boat that is being transferred is less than 7 years old and the vehicle weighs less than 16,000 GVWR.
Recovered Theft: SD Salvage titled vehicle has been recovered and determined not to be salvage -- must complete damage information.
Vehicle/Boat Information
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Salvage Information
Any vehicle that an insurer or self insurer determines a total loss due to theft or damage caused by fire, vandalism, collision, weather,
submersion in water or flood.
Vehicle was determined to be a total loss while I owned it?
yes
(If checked, Damage Information not required)
Recovered Theft
Recovered SD Salvage titled vehicle has been recovered and determined not to be salvage yes
(if checked, Damage
Information must be completed)
Damage Information
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Circle damaged area of vehicle or large boat
Disclosure and Signature
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IGNATURE OF
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MPORTER
CLEAR FORM
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