There’s a move afoot in Pierre to change South Dakota’s damage disclosure law for motor vehicles.
SB98 would require vehicle titles to contain a statement as to whether the vehicle had been damaged in excess of 40 percent of its clean retail fair market value. The current figure is $5,000 in damage.
Ron Kopryn, owner of Kopryn Motors in Rapid City, represents the Independent Auto Dealers of South Dakota. He says such a change would make it easier for insurance companies and body shops not to disclose damage information.
Using the example of a $40,000 vehicle, Kopryn says it could have up to $16,000 worth of damage and not be disclosed to the buyer if the bill becomes law.
It was heard by the Senate Commerce Committee last week.
___
Information from: KOTA-AM, http://kotaradio.com/
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Buc-ee’s Faces Backlash in Ohio Over Logo Lawsuit with Mini Mart 
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents 
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
