This affidavit is for individuals who have rebuilt or repaired motor vehicles, both in and out of Arkansas. The document outlines the requirements for owners and repairers to follow when rebuilding a salvage vehicle and obtaining a new title. In Arkansas, if a motor vehicle has received physical damage equal to or exceeding 70% of its average retail value, or water damage above the dashboard level, the owner must surrender a completed 'Declaration of Damage' form, existing title, and apply for a ‘SALVAGE’ branded title. Upon rebuilding, the owner and repairer (if not the owner) must submit a completed copy of this affidavit and the 'SALVAGE' branded title to the Department of Finance and Administration for a new title bearing the notation 'REBUILT'. For out-of-state vehicles, similar procedures apply. Failure to provide the affidavit is a Class A misdemeanor.
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