Vehicle Lien Amendments
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Bill Summary - 24LSO-0378 Bill No.: HB0086 Effective: Immediately LSO No.: 24LSO-0378 Enrolled Act No.: HEA No. 0028 Chapter No.: 37 Prime Sponsor: Brown Catch Title: Vehicle lien-amendments. Has Report: No Subject: Vehicle lien amendments. Summary/Major Elements: This act requires any towing and recovery service to request a title search report within five (5) business days after a towed vehicle has remained in a recovery lot for more than five (5) business days. This act requires the department of transportation, upon receipt of the title search request, to make reasonable efforts to identify the owner and any lienholders of record. This act provides that the department of transportation shall forward the information obtained in the title search report to the towing and recovery service within five (5) business days of receipt of the title search request for any vehicle registered in Wyoming or within seven (7) business days of receipt of the title search request for any vehicle registered in another jurisdiction. This act states that upon receipt of the information from the department of transportation, the towing and recovery service shall notify the lienholders of record of the location of the vehicle within one (1) business day of receipt of the information. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 8, 5:22 AM
R · S02
Why they voted this way
The lawmaker supports the bill to address a problem where lending institutions are not notified when vehicles they hold liens on are towed, leading to excessive storage fees. He cites a personal family experience with this issue as motivation for mandating communication between towing companies and lien holders.
R · S07
Why they voted this way
The lawmaker supports the bill because it provides a fair method for banks to receive notice before storage fees accumulate, allowing them to make informed choices rather than being left without options.
If a lawmaker is not listed, we couldn't find a published reason.
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