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IN HB1457
Bill
Status
1/18/2017
Primary Sponsor
Robert Morris
Click for details
AI Summary
HB 1457 Summary
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Increases the maximum recoverable storage costs for abandoned vehicles from $1,500 to $3,000 under IC 9-22-1-4.
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Previous vehicle owners remain responsible for storage fees only if the vehicle sale price exceeds the accrued storage costs; they are not liable if storage fees exceed the sale price.
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Persons removing, towing, or storing abandoned vehicles may retain proceeds from the vehicle sale that exceed removal, towing, and storage expenses, provided they comply with sections 16, 17, and 19 of IC 9-22 and IC 9-22-6.
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Effective July 1, 2017.
Legislative Description
Abandoned vehicles. Increases the cap on recoverable storage costs for an abandoned vehicle from $1,500 to $3,000. Provides that the previous owner of an abandoned vehicle sold by a towing or storage company is responsible for storage fees accrued before the sale of the vehicle if the sale price of the vehicle is less than the cost of the accrued storage fees. Provides that the person responsible for the removal, towing, or storage of an abandoned vehicle may keep proceeds that exceed the towing or storage costs in certain instances.
Last Action
First reading: referred to Committee on Roads and Transportation
1/18/2017