MOTOR VEHICLES – Amends existing law to establish an Idaho residency requirement to receive funds from ICAR.

This bill (H 576) requires that only Idaho residents (or those who were Idaho residents at the time of vehicle purchase) can claim funds from the Idaho Consumer Asset Recovery Fund (ICAR). It amends existing law to restrict eligibility for ICAR payments to individuals who meet this residency requirement at the time of buying a motor vehicle. The bill also specifies that claims must be filed within 45 days to one year after a court judgment becomes final and excludes dealers, financial institutions, and floorplan providers from submitting claims. These changes directly affect car buyers seeking compensation for fraud or dealer violations involving motor vehicles purchased in Idaho. The bill takes effect July 1, 2026.