Salvage Vehicle Title Reform and Highway Safety Act

[AI summary unavailable — showing source text] Salvage Vehicle Title Reform and Highway Safety Act - Amends the Motor Vehicle Information and Cost Savings Act to require the Secretary of Transportation (Secretary) to prescribe rules requiring the transferor (or lessor) of a motor vehicle to disclose to the transferee (or lessee): (1) whether the motor vehicle is a salvage vehicle; (2) whether such vehicle has suffered any major damage; and (3) the nature and amount of any damage to it, the year such damage occurred, and the identity of the person who owned it at the time of the damage. (Sec. 5) Requires dealers and distributors who sell motor vehicles to: (1) show the original or a copy of the motor vehicle title, and the required disclosures to the purchaser before the sale; and (2) provide the title and such disclosures, including copies, to the purchaser at the time of the sale. Requires auction companies to maintain for at least four years after the sale of a motor vehicle any records showing whether such disclosures indicate whether it was salvage or had been damaged. Requires the Secretary to prescribe rules prohibiting a State from licensing a motor vehicle upon the transfer of its ownership unless: (1) the transferee, i…