Legislative Update

Legislative Update | June 2019

Published June 28, 2019 - Written by IAA, Inc.

Summary

Insurance Auto Auctions actively monitors and engages on legislative and regulatory matters to help promote responsible business conduct and continued healthy expansion of the salvage auto auction industry. IAA's Government Affairs Department works with lobbyists, insurance companies and others to support legislative bills that are beneficial to the industry and all of its participants.

Enacted legislation

Colorado House Bill 1299

Effective July 1, 2019

This act creates a framework for the department of revenue to establish electronic processing for issuing certificates of title, filing or releasing liens, or registering vehicles through third-party providers.
It authorizes the department to do rulemakings in order to accept electronic signatures on titles or powers of attorney in order to eliminate notarization requirements.

View the bill

Colorado Senate Bill 255

Effective August 8, 2018 (except that Section 3 of this act will go into effect on July 1, 2019)

This act will allow the Department to accept e-signatures and e-documents on and after August 8, 2018.
The elimination of notary requirements will go into effect on July 1, 2019.

View the bill

For more information about IAA's legislative and regulatory activities, contact:

Katerina Dotzeva

Director of Government Affairs, Insurance Auto Auctions

800.821.4596

kdotzeva@iaai.com