Governor signs law protecting buyers from flood-damaged cars
DENVER — Gov. John Hickenlooper signed a handful of bills into law Friday, including one that is designed to protect car buyers from flood-damaged vehicles.
That measure, HB1100, requires that a vehicle be “branded” if it is not repairable, has flood damage, has had its odometer tampered with, had an incorrect odometer or has any of those issues from another state.
The bill, which requires that brand to be attached to current and future titles, is designed to protect Colorado consumers from vehicles damaged in natural disasters in other states, such as Hurricane Sandy that hit New Jersey and other East Coast states in 2010.
The measure is related to HB1299, which removes an exemption when salvage titles can be attached to totaled vehicles. That measure was sent to the governor’s office on Thursday.
The governor also signed HB1057, a measure sponsored in the Colorado Senate by Sen. Steve King, R-Grand Junction.
The bill increases from $3 to $4 the fraud investigation surcharge on Uniform Commercial Code filings with the Secretary of State’s Office for the next three years.
The fee is used to fund the Fraud Investigators Unit in the Colorado Department of Public Safety, which like other state agencies has seen budget cuts in recent years because of the recession.
The additional funds, which are expected to be about $98,000 a year, will help the department hire additional workers to help the unit. It is supposed to have seven workers but has been operating with only three over the past five years.
Hickenlooper also signed HB1141, a measure introduced by Rep. Don Coram, R-Montrose, and Sen. Ellen Roberts, R-Durango, that prohibits an organization from disclosing someone’s Social Security number as a condition to serve as an unpaid member of that group’s board of directors.