The bill requires the manufacturer or distributor to reimburse a motor vehicle dealer for any stop-sale directive from 90 days after the directive is issued until the vehicle is sold or a repair solution is provided. The reimbursement rate is one percent of the wholesale value per month. The duty to reimburse occurs when: The motor vehicle is a used motor vehicle; The motor vehicle dealer holds an active sales, service, and parts agreement with the manufacturer or distributor for the line-make of the used motor vehicle; The motor vehicle is in the motor vehicle dealer's inventory when the stop-sale directive is issued; and The manufacturer or distributor does not provide a remedy procedure or make a part available to repair the used motor vehicle for more than 90 days after the stop-sale directive is issued.(Note: This summary applies to this bill as introduced.)
Sponsored bills
Transportation Legislation Review Committee. The bill increases the minimum weight for classification as a commercial vehicle subject to the statutory and regulatory standards for commercial vehicles from 10,001 pounds to 16,001 pounds unless the vehicle is registered for use in interstate commerce. With respect to vehicles that would be classified as commercial vehicles but for the fact that they weigh between 10,001 and 16,000 pounds, the chief of the Colorado state patrol is authorized to adopt rules that authorize the Colorado state patrol to: Annually inspect these vehicles; Enforce with respect to these vehicles all requirements for the securing of loads that apply to commercial vehicles; and Enforce with respect to these vehicles all requirements relating to the use of coupling devices for commercial vehicles.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Committee on Legal Services. This bill enacts the softbound volumes of Colorado Revised Statutes 2016 and the 2016 Special Supplement as the positive and statutory law of the state of Colorado and establishes the effective date of said publications. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)