SB 851 Modifies law with respect to how tow companies may dispose of abandoned motor vehicles for parts
Sponsor: Stouffer
LR Number: 4353S.01I Fiscal Note: 4353-01
Committee: Transportation
Last Action: 2/7/2006 - Hearing Conducted S Transportation Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 851 - This act provides that a tow company may sell an abandoned vehicle for parts, excluding major component parts or scrap metal, after the property remains unredeemed after a ten-day notification period to the vehicle's owner. The notification form must state that if the property remains unredeemed with no satisfactory arrangements made for continued storage, and the owner or security holder have not requested a hearing, the tow company may dispose of the property after the 10-day notice period by selling the property on a bill of sale. The current law provides for a 30-day notice period. The scrap metal operators or salvage dealers shall not be issued junking certificates or certificates of ownership. The act requires registered owners to present a copy of their most recent validated registration form or a valid license in order to have property released.