HLS 10RS-1673 ENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 1042 BY REPRESENTATIVE HENRY MOTOR VEHICLES: Provides with respect to stored motor vehicles AN ACT1 To amend and reenact R.S. 32:1720.1(C), relative to stored motor vehicles; to provide that2 a hold harmless agreement between a holder of a lien on a motor vehicle and a3 storage facility or a repair or body shop shall not require notarization; and to provide4 for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 32:1720.1(C) is hereby amended and reenacted to read as follows:7 ยง1720.1. Surrender of stored vehicle to lienholder8 Notwithstanding any other provision of law to the contrary, if a vehicle9 placed in a storage facility or a repair or body shop is encumbered by a lien, and the10 storage or repair or body shop operator mails the notification required by R.S.11 32:1720, the storage or repair or body shop operator shall surrender possession of the12 vehicle to the holder of any lien on the vehicle on behalf of the registered owner.13 The holder of any lien on the vehicle is the holder shown on the records of the office14 of motor vehicles. No such surrender shall occur until the secured party makes a15 complete payment of the towing and storage charges and executes a hold harmless16 agreement, agreeing to indemnify the storage or repair or body shop operator for17 surrender of the vehicle to the secured party. The hold harmless agreement shall not18 require notarization.19 HLS 10RS-1673 ENGROSSED HB NO. 1042 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Henry HB No. 1042 Abstract: Provides that a hold harmless agreement between a holder of a lien on a motor vehicle and a storage facility or a repair or body shop shall not require notarization. Present law provides that, if a vehicle placed in a storage facility or a repair or body shop is encumbered by a lien, and the storage facility or repair or body shop operator mails the notification required by present law, the storage facility or repair or body shop operator shall surrender possession of the vehicle to the holder of any lien on the vehicle on behalf of the registered owner. Present law further provides that no surrender shall occur until the secured party makes a complete payment of the towing and storage charges and executes a hold harmless agreement, agreeing to indemnify the storage facility or repair or body shop operator for surrender of the vehicle to the secured party. Proposed law provides that the hold harmless agreement shall not require notarization. (Amends R.S. 32:1720.1(C))