Intelligence Law Glossary - Total Loss


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Total Loss

Administrative Law

28 CFR § 25.52 [28 CFR PART 25—DEPARTMENT OF JUSTICE INFORMATION SYSTEMS: SUBPART B—National Motor Vehicle Title Information System (NMVTIS)]

For purposes of this subpart B:
[…]
Total loss
means that the cost of repairing such vehicles plus projected supplements plus projected diminished resale value plus rental reimbursement expense exceeds the cost of buying the damaged motor vehicle at its pre-accident value, minus the proceeds of selling the damaged motor vehicle for salvage.