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IN HB1304

Bill

Official Source

Status

Introduced

1/6/2026

Primary Sponsor

Lorissa Sweet

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates a new bonded certificate of title process for "vintage motor vehicles" defined as vehicles at least 25 years old, worth $20,000 or less, and lacking a current title
  • Requires applicants to purchase a title bond at 1.5 times fair market value (for vehicles with VINs) or 2 times fair market value (for vehicles with special identification numbers)
  • Bonded titles become regular certificates of title after 3 years (for VIN vehicles) or 5 years (for special ID vehicles) if no claims are filed against them
  • Establishes fraud involving a bonded certificate of title as a Level 6 felony for knowingly providing false information, with mandatory title invalidation upon conviction
  • Sets a $15 application fee distributed among various state funds and takes effect July 1, 2026

Legislative Description

Titles for vintage vehicles.

Last Action

First reading: referred to Committee on Roads and Transportation

1/6/2026

Committee Referrals

Roads and Transportation1/6/2026

Full Bill Text

No bill text available