SB0800 Summary

• Extends the sunset date for the Collateral Recovery Act from January 1, 2027 to January 1, 2032, moving it to a new section of the Regulatory Sunset Act.

• Amends the Collateral Recovery Act to add consumer protections related to personal information stored in repossessed motor vehicles, including biometric data, contacts, addresses, garage door codes, and digital subscriptions.

• Requires licensed repossession agencies to clear, erase, or delete personal information from repossessed vehicles using an American Recovery Association-approved electronic solution before releasing the vehicle.

• Updates the Act's findings and purpose to emphasize protecting consumers from identity theft and privacy loss when vehicles containing electronic personal data are repossessed.