A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles. (Formerly HSB 553.) Effective date: 07/01/2024.
Impact
If enacted, HF2316 will amend existing statutes related to vehicle registration by creating pathways for applicants to obtain titles based on the vehicle's value and age. This could potentially simplify processes for thousands of vehicle owners, remove barriers associated with securing a bond, and lessen the bureaucratic burden on both state departments and applicants. The bill is particularly significant for owners of vintage and antique vehicles, who often find it challenging to comply with traditional bonding requirements due to the low value of their vehicles.
Summary
House File 2316 provides an alternative method for individuals to register and title certain motor vehicles without the necessity of filing a bond in specific scenarios. The bill targets vehicles that do not have a title, particularly antique vehicles or those valued at one thousand dollars or less. The proposed legislation aims to streamline the registration process for these vehicles, enabling owners to acquire a certificate of title without the burden of the usual bonding requirements, thus facilitating smoother transactions in the motor vehicle market.
Sentiment
Overall, the sentiment surrounding HF2316 appears to be positive, especially among vehicle owners and enthusiasts of antique cars. Supporters believe the bill addresses long-standing issues regarding vehicle titling and encourages fair access for those seeking to register older vehicles. While there may be limited opposition, the conversations around the bill have generally recognized its utility in modernizing the existing vehicle registration framework.
Contention
Notable points of contention include ensuring that the bill maintains protections for prior owners and secured parties in the event of undisclosed security interests. Critics argue that while facilitating easier registration processes is beneficial, it is equally important to safeguard the rights of those who may have an interest in the vehicle. The balance between law enforcement interests in protecting ownership rights and facilitating easier vehicle registration will be a point of careful consideration as discussions continue.
Similar To
A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles.(Formerly SSB 3035.)
A bill for an act relating to vehicles, including by providing for registration and titling of motor vehicles by any county treasurer, by modifying related fees and the amount of fees retained by county treasurers, and the definitions of terms for purposes of motor vehicle franchisers, and including effective date provisions. (Formerly HF 344, HF 55.) Effective date: 07/01/2024, 01/01/2025.
A bill for an act relating to licensed vehicle dealers, including vehicles for resale subject to a security interest and remote sales of motor vehicles. (Formerly HSB 168.) Effective date: 07/01/2023.
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly HF 55; See HF 674.)
A bill for an act relating to the issuance and suspension of motor vehicle registrations and certificates of title. (Formerly HSB 186.) Effective date: 07/01/2023.
A bill for an act relating to the transfer of certain motor vehicles by operation of law, including associated odometer disclosure statements, and including retroactive applicability provisions. (Formerly HF 492.) Effective date: 07/01/2023. Applicability date: 07/01/2022.
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly SSB 1053, SF 80.)
Relating to reporting ownership of mineral interests severed from the surface estate and the vesting of title by judicial proceeding to certain abandoned mineral interests.