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5 <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 /> Titles and Brands: Section 1, Chapter 7 <br /> NCDMV Title Manual 10 Edition Revised January 2016 <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 of <br /> 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, whether <br /> or not the motor vehicle has been declared a total loss by an insurer. Repairs shall include <br /> the cost of parts and labor, or a vehicle for which an insurance company has paid a claim <br /> that exceeds 75% of the Fair Market Value. If the salvaged vehicle is six model years old <br /> or newer, an Anti-Theft Inspection by the License and Theft Bureau is required. <br /> Salvage Rebuilt Vehicle: A salvaged vehicle that has been rebuilt for title and 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 />