SEMA eNews Vol. 17, No. 19, May 8, 2014

Colorado Bill to Protect Collector Cars From Salvage Brand Signed Into Law

By SEMA Washington, D.C., Staff

  colorado
Colorado Governor John Hickenlooper signed into law legislation that originally repealed the six-year limitation for applying a salvage brand to a motor vehicle for which the cost of being repaired exceeded its value.
   

Legislation that originally repealed the six-year limitation for applying a salvage brand to a motor vehicle for which the cost of being repaired exceeded its value was signed into law by Governor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.

For details, contact Steve McDonald at stevem@sema.org.

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