§ 30504. Reporting requirements
(a)
Junk Yard and Salvage Yard Operators.—
(1)
Beginning at a time established by the Attorney General that is not sooner than the 3d month before the establishment or designation of the National Motor Vehicle Title Information System under section
30502 of this title, an individual or entity engaged in the business of operating a junk yard or salvage yard shall file a monthly report with the operator of the System. The report shall contain an inventory of all junk automobiles or salvage automobiles obtained by the junk yard or salvage yard during the prior month. The inventory shall contain—
(2)
Paragraph (1) of this subsection does not apply to an individual or entity—
(A)
required by State law to report the acquisition of junk automobiles or salvage automobiles to State or local authorities if those authorities make that information available to the operator; or
(B)
issued a verification under section
33110 of this title stating that the automobile or parts from the automobile are not reported as stolen.
(b)
Insurance Carriers.—
Beginning at a time established by the Attorney General that is not sooner than the 3d month before the establishment or designation of the System, an individual or entity engaged in business as an insurance carrier shall file a monthly report with the operator. The report may be filed directly or through a designated agent. The report shall contain an inventory of all automobiles of the current model year or any of the 4 prior model years that the carrier, during the prior month, has obtained possession of and has decided are junk automobiles or salvage automobiles. The inventory shall contain—
(c)
Procedures and Practices.—
The Attorney General shall establish by regulation procedures and practices to facilitate reporting in the least burdensome and costly fashion.