HB 17-1098

House Bill 17-1098, which has been signed into law in Colorado, limits how much a car rental company can be compensated when a rented vehicle is not returned on time. Instead of being able to claim full replacement costs or other damages, the company can only seek the actual profits they lost because the car wasn't available for rent during that period. This affects both car rental companies and their customers, as it sets clearer boundaries around what compensation is fair in such situations. Since the bill has been signed, it's now law and impacts all vehicle rental agreements in Colorado.

Official Summary

The bill limits the damages that a vehicle rental company can recover for the loss of use of the vehicle to the actual lost profits suffered by the company due to the loss of use of the vehicle. (Note: This summary applies to this bill as introduced.)

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