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January 29, 2007
POST-KATRINA ‘TOTALLED CAR’ BILL BEING REINTRODUCED
A proposed law that proponents say will make selling flood cars more difficult is being reintroduced by Trent Lott, the U.S. Senate Minority Whip-elect, in the 110th Congress. Lott had proposed the legislation in the last Congress but it failed to pass, due to opposition from “several groups, including insurance companies,” the Used Car News has reported. “The bill was introduced in response to the aftermath of Hurricane Katrina and the concern that about 500,000 cars destroyed in the storm could be resold without proper salvage titles.
“Lott’s bill would have directed the National Highway Traffic Safety Administration to insist that insurers make information about the vehicles available to the public either directly, or by selling the information to companies that report vehicle histories.” Flood-damaged vehicles, the report said, cause health and safety problems due to immersion in polluted waters, and create goodwill problems for dealers who unwittingly resell them.
Posted by MVHAP at January 29, 2007 03:38 PM