Legislative Update
Legislative Update | March 2020
Published April 1, 2020 - Written by IAA, Inc.
Summary
IAA, Inc. is dedicated to being pro-active when monitoring legislative and regulatory matters that affect our customers and our industry. We believe being engagedwith the legislative process is critical to the auto auction industry to promote responsible business conduct and continued healthy expansion. IAA works with lobbyists, insurance companies and other industry participants towards seeing our customers’ needs are met when it comes to legislative matters that may impact the industry.
New Bills
California Senate Bill 1121
Introduced February 19, 2020
Existing law authorizes the Department of Motor Vehicles to permit the inspection or sale of information from its records concerning the registration of any vehicle or information from its files of driver's licenses, with specified limitations. This bill would repeal that provision and, instead, would prohibit the department from selling or permitting the inspection of vehicle registration and driver's license information. The bill would exempt from that prohibition inspection by a law enforcement officer, inspection pursuant to a court order, and specified statistical information.
This will affect salvage auctions and insurers who will no longer be able to verify vehicle ownership and lien holder information.
IAA Position: Oppose
Kansas Senate Bill 374
Introduced February 6, 2020
This bill would allow employees of salvage pools to perform a VIN inspection of certain motor vehicles. The fee collected for the VIN inspection will be remitted to Kansas Highway Patrol. This will expedite the required VIN inspection of certain vehicles and would allow for a more expeditious disposition of these vehicles.
IAA Position: Support
Kentucky Senate Bill 197
Introduced February 21, 2020
This bill would remove the notarization requirements on certain documents when ownership of a salvage vehicle is transferred to an insurance company. This would expedite the receipt of salvage titles and the disposition of salvage vehicles.
IAA Position: Support
Louisiana House Bill 586
Introduced March 9, 2020
This bill authorizes the use of electronic signature of an insured for transferring certificates of title when a vehicle has been declared a total loss and is encumbered by a lien. The term “total loss” is defined in the statute to describe a vehicle that has sustained damage of 75% or more of the ACV. IAA is proposing an amendment to the bill to expand its applicability to vehicles that have been acquired by insurers but do not meet the definition of “total loss,”to replace “insured” with “seller” and to delete “is encumbered by a lien.”
IAA Position: Support
Rhode Island House Bill 7768/Senate Bill 2629
Introduced February 27, 2020
These bills would eliminate the notarization requirement for a power of attorney or other document supporting an application for a certificate of title or salvage title for a vehicle acquired by an insurance company as a result of a total loss claim. The bills also allow such a power of attorney to be signed electronically.
IAA Position: Support
For more information about IAA's legislative and regulatory activities, contact:
Katerina Dotzeva
Director of Government Affairs, IAA, Inc.
800.821.4596
