Summary of Original Version

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.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except eliminate the requirement for the department to publish rate sheets on the department's website; exempt tow trucks registered with the unified carrier registration from the state fee; change notification time frames for initiation and release of vehicle holds; require notification of a vehicle hold be sent to owners; eliminate the cap on storage fees for vehicles under a hold; allow an entity requesting a hold to approve an insurer to store a vehicle at the insurer's secure facility; include owners in language relating to payment and release of vehicles released from a hold; make technical changes.

Statutes affected:
Introduced: 281.630, 281.631, 281.928, 281.930, 281.926, 281.010, 281.990
Senate Committee Substitute 1: 281.630, 281.631, 281.928, 281.930, 281.926, 281.010, 281.990
Current: 281.630, 281.631, 281.928, 281.930, 281.926, 281.010, 281.990
Acts Chapter 152: 281.630, 281.631, 281.928, 281.930, 281.926, 281.010, 281.990