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<br /> <br /> <br />Military Leave and Earning Statement (LES): Is a document given on a monthly basis <br />to members of the United States military which reports their pay, home of record and <br />service status. The LES is required when applying for exemption from Motor Vehicle <br />Property Taxes. Active duty, non-resident military personnel may be exempt from North <br />Carolina motor vehicle property tax as allowed by United States Code, Title 50, Service <br />members’ Civil Relief Act of 1940. (Amended in 2009 by The Military Spouse’s <br />Residency Relief Act) <br /> <br /> <br /> <br /> <br />Titles and Brands: Section 1, Chapter 7 <br />NCDMV Title Manual 14th Edition Revised January 2016 <br /> <br /> <br />Title: Document that records the ownership of vehicles and the liens against them. <br />Custom-Built: A vehicle that is completely reconstructed or assembled from new or used <br />parts. Will be branded “Specially Constructed Vehicle” <br />Flood Vehicles: A motor vehicle that has been submerged or practically submerged in <br />water to the extent that damage to the body, engine, transmission or differential has <br />occurred. <br />Reconstructed Vehicles: A motor vehicle required to be registered that has been <br />materially altered from original construction due to the removal addition or substitution <br />of essential parts. <br />Salvaged Motor Vehicles: Is a vehicle that has been damaged by collision or other <br />occurrence to the extent that the cost of repairs exceeds 75% of fair market value, <br />whether or not the motor vehicle has been declared a total loss by an insurer. Repairs <br />shall include the cost of parts and labor, or a vehicle for which an insurance company has <br />paid a claim that exceeds 75% of the Fair Market Value. If the salvaged vehicle is six <br />model years old or newer, an Anti-Theft Inspection by the License and Theft Bureau is <br />required. <br />Salvage Rebuilt Vehicle: A salvaged vehicle that has been rebuilt for title and <br />registration. <br />Junk Vehicle: A motor vehicle which is incapable of operation or use upon the highways <br />and has no resale value except as scrap or parts. The vehicle shall not be titled. <br />Antique Vehicle: A motor vehicle manufactured in 1980 and prior <br />Commercial Trucking (IRP): The International Registration Plan is a registration <br />reciprocity agreement among jurisdictions in the US and Canada which provides for <br />payment of license fee on the basis of fleet miles operated in various jurisdictions. <br />Total Loss: Repairs were more than the market value of the vehicle and the insurance <br />company is unwilling to pay for the repairs. <br />Total Loss/Rebuilt: Whatever the repairs were to make the vehicle road worthy after a <br />Total Loss status has been given. Vehicle must be 5 years old or older. Vehicle status <br />then remains as salvaged or rebuilt. <br />Certificate of Destruction: NC DMV will not register this type of vehicle. It is not fit <br />for North Carolina roads. <br /> <br />5