First Regular Session
               Seventieth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 15-1061.01 Yelana Love x2295    SENATE BILL 15-266
                   SENATE SPONSORSHIP
 Sonnenberg,  Crowder, Balmer, Holbert, Jahn, Todd
 
                    HOUSE SPONSORSHIP
 Kraft-Tharp,  Becker J., Landgraf, Primavera, Roupe
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 Transportation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the requirement that a motor vehicle dealer
            deliver a certificate of title on a vehicle within thirty
            days after it is sold.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            Currently, a motor vehicle dealer has thirty days to deliver a
       certificate of title to the purchaser. The bill clarifies that days do not count
       if the dealer is waiting for action by another person when the action is
       necessary to deliver the certificate.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, amend 42-6-112 as
       follows:
            42-6-112.  Initial registration of a vehicle - dealer responsibility
       to timely forward certificate of title to purchaser or holder of a
       chattel mortgage. A dealer of motor or off-highway vehicles shall within
       thirty days after the sale, deliver or facilitate the delivery of the certificate
       of title to a purchaser or the holder of a chattel mortgage on the motor or
       off-highway vehicle subject to section 42-6-109 within thirty days
       after the sale; except that the period during which a dealer is
       awaiting receipt of the title from another person or entity as
       required by this section does not count against the thirty-day
       period, provided that all liens and chattel mortgages have been
       satisfied and any other customary documents required to
       obtain the title have been submitted in a timely manner to the
       person or entities holding or facilitating the delivery of the
       title to the dealer.
            SECTION 2.  In Colorado Revised Statutes, 42-6-119, amend (3)
       introductory portion as follows:
            42-6-119.  Certificates for vehicles registered in other states. 
       (3)  Upon the sale by a dealer of a motor or off-highway vehicle, the
       certificate of title to which was issued in a state other than Colorado, the
       dealer shall within thirty days after the sale, deliver or facilitate the
       delivery to the purchaser the certificate of title duly and properly endorsed
       or assigned to the purchaser with within thirty days after the sale;
       except that the period during which a dealer is awaiting receipt
       of the title from another person or entity as required by this
       section does not count against the thirty-day period, provided
       that all liens and chattel mortgages have been satisfied and
       any other customary documents required to obtain the title
       have been submitted in a timely manner to the person or entities
       holding or facilitating the delivery of the title to the dealer.
       When delivering or facilitating the delivery of the certificate
       of title, the dealer shall also give the purchaser a statement by
       the dealer containing or accompanied by a written declaration that it is
       made under the penalties of perjury in the second degree, as defined in
       section 18-8-503, C.R.S., and setting forth the following:
            SECTION 3.  Act subject to petition - effective date. This act
       takes effect at 12:01 a.m. on the day following the expiration of the
       ninety-day period after final adjournment of the general assembly (August
       5, 2015, if adjournment sine die is on May 6, 2015); except that, if a
       referendum petition is filed pursuant to section 1 (3) of article V of the
       state constitution against this act or an item, section, or part of this act
       within such period, then the act, item, section, or part will not take effect
       unless approved by the people at the general election to be held in
       November 2016 and, in such case, will take effect on the date of the
       official declaration of the vote thereon by the governor.