URGENT LEGISLATIVE ALERT (UPDATE)
Colorado Bill to Protect Collector Cars from Salvage Brand Signed Into Law
Legislation that originally repealed the six-year limitation for applying a salvage brand to a motor vehicle whose cost of being repaired exceeded its value was signed into law by Governor John Hickenlooper. An amendment to the new law, which was developed by the Collector Car Council of Colorado, protects from the salvage brand all vehicles that qualify as collector’s items, horseless carriages or street rods at the time of damage. This amendment prevents a permanent “salvage” blemish on the vehicle’s title, which would have made it suspect even if the vehicle is expertly restored or modified.
Thanks to all who participated in supporting the amended bill.