§ 326 - Refund upon loss of vehicle - Vermont Statutes

§ 326. Refund upon loss of vehicle

The commissioner may cancel the registration of a motor vehicle when the owner thereof proves to his or her satisfaction that it has been totally destroyed by fire, or, through accident or wear, has become wholly unfit for use and has been dismantled. Upon the cancellation of such registration and the return to the commissioner of the number plates and validation sticker (if issued for that year), the commissioner shall certify to the commissioner of finance and management the fact of such cancellation, giving the name of the owner of such motor vehicle, his or her address, the amount of the registration fee paid, and the date of such cancellation. The commissioner of finance shall issue his or her warrant in favor of the owner for such percent of the registration fee paid as the unexpired term of the registration bears to the entire registration period, but in no case shall the commissioner retain less than $5.00 of the fee paid. (Amended 1967, No. 129, § 4; 1975, No. 90, § 3; 1983, No. 195 (Adj. Sess.), § 5(b).)