Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 11-152: (a) “Salvage” means any vehicle that: - 621 - (1) Has been damaged by collision, fire, flood, accident, trespass, or other occurrence to the extent that the cost to repair the vehicle for legal operation on a highway exceeds 75% of the fair market value of the vehicle prior to sustaining the damage,
What this law says, in plain English
This statute defines 'salvage' as a vehicle damaged so repair costs exceed 75% of its pre-damage value, or acquired by insurance companies or dismantlers under specified circumstances.
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