The bill specifies that the department of revenue may not require physical inspection of a vehicle, including a vehicle identification number inspection, to verify information about the vehicle before registering or titling the vehicle if:
- The applicant for a new registration for the vehicle presents either a copy of a manufacturer's certificate of origin or a purchase receipt from the dealer or the out-of-state seller and either document indicates that the applicant purchased the vehicle as new; or
- At the time of application, the vehicle is currently registered or titled in another Colorado county.
The bill also creates a pilot program that issues a permit to a transportation association to verify information for the purposes of titling and registration of commercial vehicles. To qualify the association must:.
- Employ verifiers who demonstrate knowledge of the process and standards and who have not been convicted of violating property crimes within the last 10 years; and
- Provide a $10,000 bond to hold harmless any person who suffers loss or damage arising from the issuance of a certificate of title that included a verification done by the permit holder.
A permit holder may charge only $25 for a verification, and a permit may be revoked for failing to meet the standards of the bill or any rules promulgated under the bill. The chief of the Colorado state patrol may promulgate rules to implement the program.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)