Governor signs bill requiring extended salvage disclosure on cars
DENVER — Colorado Gov. John Hickenlooper signed a new bill into law Friday that requires a more extensive history report on cars that have been wrecked and repaired to drive-able be made available to consumers, according to the Denver Business Journal.
Prior to this legislation, the law only required vehicles less than six years old to have a salvage brand on their title if they had been totaled in an accident and then rebuilt to return to the roads.
House Bill 1299, which was sponsored by state Rep. Max Tyler, D-Lakewood, would extend this requirement to every vehicle registered in Colorado.
While insurers opposed the bill, stating that cars carrying extended salvage brands on their titles would hurt low-income buyers, car dealers showed strong support.
Colorado Independent Automobile Dealers Association executive director Todd O’Connell told the Denver Business Journal Hickenlooper’s approval of the bill was cause for celebration.
“It’s a true consumer victory,” he said. “Now the playing field will be leveled and people who buy older used vehicles will get the same protection as people who get newer ones.”AlertMe