HI HB532

Establishes that filing the required vehicle transfer notice form with the director of finance provides a complete legal defense against any civil or criminal liability arising from another person's use, operation, or abandonment of the vehicle after transfer

Requires signatures from both transferor and transferee on the certificate of ownership to serve as attestations that the information provided is correct, with fines of $500 to $1,000 for providing false or fraudulent information

Mandates courts create new forms by July 1, 2026 to allow vehicle sellers to respond to legal actions by simply submitting proof of their filed transfer notice form

Allows directors of finance to require payment of outstanding abandoned vehicle charges and fines (towing, storage, processing, disposal costs) as a condition for title transfer, unless the vehicle was stolen

Sets effective date of July 1, 3000 (placeholder date indicating the bill requires further amendment before implementation)