SB 17-251
signedDepartment Revenue Records Insurer And Salvage Pool
Plain-English Summary
AI-generatedSenate Bill 17-251 allows insurance companies and salvage pools to use an electronic system that was previously only available to tow carriers. This system helps them find the owners and lienholders of abandoned vehicles. The bill is now signed into law, meaning it has been approved by both houses of the Colorado legislature and the governor, so it will be implemented as intended.
Official Summary
Currently, a tow carrier who tows abandoned motor vehicles uses an electronic system to access department records to ascertain and notify the motor vehicle's owner and lienholder. The bill allows insurers and salvage pools to use the same system to determine a motor vehicle's owner and lienholder. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Details
- Chamber
- Senate
- First action
- 2017-06-02
- Latest action
- 2017-03-16
- Last action desc.
- Introduced In Senate - Assigned to Business, Labor, & Technology
- OpenStates
- View source ↗
Sponsors
- Larry Liston (primary) · Republican