Text: SSB02103 Text: SSB02105 Text: SSB02100 - SSB02199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 321.69, subsections 2 and 3, Code 1 2 Supplement 1997, are 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 damage to the vehicle caused 1 11 by fire, vandalism, collision, weather, falling objects, 1 12 submersion in water, or flood, where the cost of repair is 1 13threefive thousand dollars or more per incident, but does not 1 14 include normal wear and tear, glass damage, mechanical repairs 1 15 or electrical repairs that have not been caused by fire, 1 16 vandalism, collision, weather, falling objects, submersion in 1 17 water, or flood. "Damage" does not include the cost of 1 18 repairing, replacing, or reinstalling tires, lights, 1 19 windshields, windows, a sound system, or 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 27threefive thousand dollars or more are required to be 1 28 disclosed by this section. If the vehicle has incurred damage 1 29 ofthreefive thousand dollars or more per incident in more 1 30 than one incident, the damage amounts must be combined and 1 31 disclosed as the total of all separate incidents. 1 32 3. The damage disclosure statement shall be provided by 1 33 the transferor to the transferee at or before the time of 1 34 sale. If the transferor is not a resident of this state the 1 35 transferee shall not be required to submit a damage disclosure 2 1 statement from the transferor with the transferee's 2 2 application for title unless the state of the transferor's 2 3 residence requires a damage disclosure statement. However, 2 4 the transferee shall submit a damage disclosure statement with 2 5 the transferee's application for title indicating whether a 2 6 salvage or rebuilt title had ever existed for the vehicle, 2 7 whether the vehicle had incurred prior damage ofthreefive 2 8 thousand dollars or more per incident, and the year, make, and 2 9 vehicle identification number of the motor vehicle. The 2 10 transferee shall not be required to indicate whether the 2 11 vehicle had incurred prior damage ofthreefive thousand 2 12 dollars or more per incident under this subsection if the 2 13 transferor's certificate of title is from another state and if 2 14 it indicates that the vehicle is salvaged and not rebuilt or 2 15 is another state's salvage certificate of title. 2 16 EXPLANATION 2 17 Current law requires a transferor of a motor vehicle to 2 18 provide a damage disclosure statement to the transferee 2 19 indicating the costs of repair to the vehicle if a single 2 20 damage amount exceeded $3,000. The law provides that normal 2 21 wear and tear need not be included in calculating the damage 2 22 amount. 2 23 This bill changes the threshold damage amount from $3,000 2 24 to $5,000. The bill further provides that when calculating 2 25 the damage amount, the transferor does not need to include the 2 26 cost to repair or replace tires, lights, windshields, windows, 2 27 and any sound system. 2 28 LSB 3652SC 77 2 29 jm/sc/14
Text: SSB02103 Text: SSB02105 Text: SSB02100 - SSB02199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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