HB16-1342

HB16-1342 - Reporting Database For Motor Vehicle Sales

Postponed Indefinitely
Concerning The Sale Of Motor Vehicles That Are Required To Be Issued Certain Branded Certificates Of Title.

The bill creates a state reporting database program (program) that is similar to and reports to the national motor vehicle title information system (NMVTIS). The program creates a database that will report state sales of motor vehicles with titles branded as salvage vehicles, junk motor vehicles, flood-damaged motor vehicles, nonrepairable motor vehicles, or similar brands to the national database. The department of revenue will administer the program through a third-party data consolidator.

Each seller and purchaser of a motor vehicle with one of the mentioned branded titles must report the sale to the database. In addition, licensed dealers must keep records of sales, vehicle information, and certain seller and purchaser information. These records must be kept for 3 years. A licensed dealer must report sales once each month.

A fee of up to 50 cents for the sale will be set and collected by a consolidator to implement the bill. The fee must be approved by the department of revenue. Law enforcement may use the database.

Failure to report a purchase or sale as required is a class 1 misdemeanor.

Latest update: May 5, 2016
05/05/2016 House Committee on Appropriations Postpone Indefinitely
04/21/2016 House Committee on Finance Refer Amended to Appropriations
04/14/2016 House Committee on Transportation & Energy Refer Amended to Finance
04/07/2016 House Committee on Transportation & Energy Witness Testimony and/or Committee Discussion Only
03/03/2016 Introduced In House - Assigned to Transportation & Energy