HB493: AN ACT relating to the towing and storage of motor vehicles.

Legislative Summary

Amend KRS 281.630 to establish a towing and storage facility certificate and require applicants for a towing and storage facility certificate to file a rate sheet with the application and renewal for the certificate; amend KRS 281.631 to set a fee of $10 for motor carrier plates for tow trucks; amend KRS 281.928 to require an entity requesting a vehicle in a storage facility to be held pending a civil or criminal investigation to notify the owner, lienholder, and insurer of a vehicle with 24 hours of a hold being initiated or released; amend KRS 281.930 to set limits on charges for storage on vehicles held for civil or criminal investigation; amend KRS 281.926 to require towing companies and storage facilities to have one rate sheet that is applicable to all customers and to establish that statements that misrepresent the scope of damages associated with a property, casualty, or property and casualty insurance claim are fraudulent insurance acts; make technical amendments; amend KRS 281.010 to define "towing and storage facility certificate"; amend KRS 281.990 to set penalties for violations of KRS 281.920 to 281.936.