SB3511 Summary

• Amends the Renter's Financial Responsibility and Protection Act to add conditions under which rental companies may void damage waivers for stolen vehicles.

• Allows rental companies to void damage waivers for stolen rental vehicles if the renter fails to return the ignition key and key tag to the rental company.

• Requires renters to file a police report within 24 hours of discovering the rental vehicle theft for the damage waiver to remain valid.

• Mandates that renters must fully cooperate with the rental company, law enforcement, and other authorities investigating the stolen vehicle in order to maintain damage waiver coverage.