Summary of Original Version

Amend KRS 281.010 to define "automobile club," "flatbed/rollback service," "recovery," "storage facility," "tow truck," "tow truck operator," “towing,” and "towing company"; create a new section of KRS Chapter 281 to define “lienholder," “owner,” and "motor vehicle renting company"; create new sections of KRS Chapter 281 to establish the provisions for emergency towing and private property towing; require that rates be posted in the place of business of a tow company or storage facility; require an itemized invoice for towing and storage charges; establish notification requirements for towed vehicles; establish payment and release requirements for towed vehicles; outline payment types that a towing company or storage facility must accept; require a towing company or storage facility to be accessible by phone during posted business hours; require the return of all phone calls within 24 hours; establish prohibited fees; establish requirements for records retention; outline acts prohibited by a towing company or storage facility; specify that the Transportation Cabinet shall be held harmless for any damages in relation to the towing and storage of a vehicle; amend KRS 359.230 and 189.725 to conform; amend KRS 376.275 to establish requirements for certified mail notifications to lienholders having a prior recorded lien on a Commonwealth issued title; amend KRS 186A.145 to outline responsibility of motor vehicle ad valorem property taxes, when a vehicle is transferred to an insurer or its agent as a result of an insurance policy claim.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; amend definition of "automobile club"; specify that a towing company does not include lienholders and entities hired by lienholders for the purpose of repossession; expand the list of parties who may request records kept under this Act; specify what a towing company may do with the contents of a towed vehicle that has not been claimed after 45 days; clarify the procedures for a tow or storage company to obtain a clean title, if an owner or lienholder fails to exercise their right to take possession of a towed vehicle; specify that the tow or storage company is not be liable for any liens on the vehicle, except for tax liens; allows the county clerk to process the title of a vehicle, when the owner or lienholder fails to exercise their right to take possession of under this Act; make technical changes.

Statutes affected:
Introduced: 281.010, 359.230, 376.275, 189.725, 186A.145
Acts Chapter 74: 281.010, 359.230, 376.275, 189.725, 186A.145
Senate Committee Substitute 1: 281.010, 359.230, 376.275, 189.725, 186A.145
Current: 281.010, 359.230, 376.275, 189.725, 186A.145