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Bill > HB493


KY HB493

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


summary

Introduced
02/13/2025
In Committee
03/27/2025
Crossed Over
02/28/2025
Passed
04/01/2025
Dead
Signed/Enacted/Adopted
04/01/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill 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.

AI Summary

This bill makes several changes to Kentucky's laws regarding towing and storage of motor vehicles, establishing new requirements and regulations for towing companies and storage facilities. The bill creates a new "towing and storage certificate" that requires companies to file a rate sheet with the state, which must be a single, uniform rate applicable to all customers. It mandates that when a vehicle is held for a potential civil or criminal investigation, the entity requesting the hold must notify the vehicle owner, lienholder, and insurer within specific timeframes. The bill also limits storage fees during investigation holds to a reasonable daily rate, and allows insurers to provide secure storage at no cost if possible. Additionally, the legislation introduces penalties for towing companies that charge excessive fees, including potential refunds and classification as a fraudulent insurance act. Towing companies must now provide detailed, itemized invoices to vehicle owners, maintain records for two years, and can face certificate suspensions for repeated violations. The bill aims to increase transparency, prevent overcharging, and protect vehicle owners' interests during towing and storage processes.

Committee Categories

Transportation and Infrastructure

Sponsors (3)

Last Action

signed by Governor (Acts Ch. 152) (on 04/01/2025)

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