Text: HF00351 Text: HF00353 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 321.69, subsection 2, Code 1997, is 1 2 amended to read as follows: 1 3 2. The damage disclosure statement required by this 1 4 section shall, at a minimum, state the total retail dollar 1 5 amount of all damage to the vehicle during the period of the 1 6 transferor's ownership of the vehicle and whether the 1 7 transferor knows if the vehicle was titled as a salvage or 1 8 flood vehicle in this or any other state prior to the 1 9 transferor's ownership of the vehicle. For the purposes of 1 10 this section, "damage" refers to damagetowhich affected the 1 11 mechanical operation of the vehicle which was caused by fire, 1 12 vandalism, collision, weather, falling objects, submersion in 1 13 water, or flood, where the cost of repair is three thousand 1 14 dollars or more per incident, but does. "Damage" does not 1 15 include normal wear and tear, glass damage, or mechanical 1 16 repairs or electrical repairs that have not been caused by 1 17 fire, vandalism, collision, weather, falling objects, 1 18 submersion in water, or flood. "Damage" does not include the 1 19 cost of repairing, replacing, or reinstalling an inflatable 1 20 restraint system. A determination of the amount of damage to 1 21 a vehicle shall be based on estimates of the retail cost of 1 22 repairing the vehicle, including labor, parts, and other 1 23 materials, if the vehicle has not been repaired or on the 1 24 actual retail cost of repair, including labor, parts, and 1 25 other materials, if the vehicle has been repaired. Only 1 26 individual incidents in which the retail cost of repairs is 1 27 three thousand dollars or more are required to be disclosed by 1 28 this section. If the vehicle has incurred damage of three 1 29 thousand dollars or more per incident in more than one 1 30 incident, the damage amounts must be combined and disclosed as 1 31 the total of all separate incidents. 1 32 EXPLANATION 1 33 This bill provides that motor vehicle damage disclosure 1 34 statements are required only when the damage to the motor 1 35 vehicle affected the mechanical functioning of the motor 2 1 vehicle. 2 2 LSB 2264HH 77 2 3 mk/sc/14
Text: HF00351 Text: HF00353 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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