C.R.S. Section 42-6-206
Disclosure requirements upon transfer of ownership of a salvage vehicle

  • rules
  • definitions

(1)

Prior to sale of a vehicle rebuilt from salvage to a prospective purchaser for the purpose of selling or transferring ownership of such vehicle, the owner shall prepare a disclosure affidavit stating that the vehicle was rebuilt from salvage. The disclosure affidavit shall also contain a statement of the owner stating the nature of the damage which resulted in the determination that the vehicle is a salvage vehicle. The words “rebuilt from salvage” shall appear in bold print at the top of each such affidavit.

(2)

Any person who sells a vehicle rebuilt from salvage for the purpose of transferring ownership of such vehicle shall:

(a)

Provide a copy of a disclosure affidavit prepared in accordance with the provisions of subsection (1) of this section to each prospective purchaser; and

(b)

Obtain a signed statement from each such purchaser clearly stating that the purchaser has received a copy of the disclosure affidavit and has read and understands the provisions contained therein.

(3)

Intentionally left blank —Ed.

(a)

Any person who purchases a vehicle rebuilt from salvage who was not provided with a copy of a disclosure affidavit prepared in accordance with the provisions of subsection (1) of this section and who, subsequent to sale, discovers that the vehicle purchased was rebuilt from salvage shall be entitled to a full and immediate refund of the purchase price from the prior owner.

(b)

In the event a person is entitled to a refund under this subsection (3), the prior owner shall be required to make an immediate refund of the full purchase price to the purchaser. A signed statement from the purchaser prepared in accordance with the provisions of paragraph (b) of subsection (2) of this section shall relieve the prior owner of the obligation to make such refund.

(4)

Intentionally left blank —Ed.

(a)

Except as provided in subsection (4)(b) of this section, any owner, seller, or transferor of a vehicle rebuilt from salvage who fails to comply with the provisions of this section shall be guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine for a first offense not to exceed one thousand five hundred dollars and a fine of five thousand dollars for each subsequent offense.

(b)

A person who violates subsection (2)(a) of this section commits a class 2 misdemeanor.

(5)

The executive director of the department of revenue shall prescribe rules and regulations for the purpose of implementing the provisions of this section.

(6)

As used in this section, unless the context otherwise requires:

(a)

“Sale” means any sale or transfer of a vehicle rebuilt from salvage.

(b)

“Salvage vehicle” shall have the same meaning as set forth in section 42-6-102 (17).

Source: Section 42-6-206 — Disclosure requirements upon transfer of ownership of a salvage vehicle - rules - definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-42.­pdf (accessed Oct. 20, 2023).

42‑6‑101
Short title
42‑6‑102
Definitions
42‑6‑103
Application
42‑6‑104
Administration - rules
42‑6‑106
Certificates of registration - plates
42‑6‑107
Certificates of title - contents - rules
42‑6‑109
Sale or transfer of vehicle - program
42‑6‑110
Certificate of title - transfer - department records - rules - definition
42‑6‑110.5
Certificates of title - arrangements for transfer of title upon death - beneficiary designation forms - definitions
42‑6‑111
Sale to dealers - certificate need not issue
42‑6‑112
Initial registration of a vehicle - dealer responsibility to timely forward certificate of title to purchaser or holder of a chattel mortgage - penalty
42‑6‑113
New vehicles - bill of sale - certificate of title - rental businesses - rules
42‑6‑114
Transfers by bequest, descent, or law
42‑6‑115
Furnishing bond for certificates
42‑6‑116
Applications for filing of certificates of title - rules
42‑6‑117
Filing of certificate
42‑6‑118
Amended certificate
42‑6‑119
Certificates for vehicles registered in other states
42‑6‑120
Security interests upon vehicles
42‑6‑121
Filing of mortgage - rules
42‑6‑122
Disposition of mortgages by agent - rules
42‑6‑123
Disposition after mortgaging
42‑6‑124
Disposition of certificates of title
42‑6‑125
Release of mortgages - rules
42‑6‑126
New certificate upon release of mortgage
42‑6‑127
Duration of lien of mortgage - extensions - rules
42‑6‑128
Validity of mortgage between parties
42‑6‑129
Second or other junior mortgages
42‑6‑130
Priority of secured interests
42‑6‑131
Mechanic’s, warehouse, and other liens
42‑6‑133
Foreign mortgages and liens
42‑6‑134
Where application for certificates of title made
42‑6‑135
Lost certificates of title
42‑6‑136
Surrender and cancellation of certificate - penalty for violation
42‑6‑136.5
Salvage title
42‑6‑137
Fees
42‑6‑138
Disposition of fees
42‑6‑139
Registration and title application - where made
42‑6‑140
Registration upon becoming resident
42‑6‑141
Director’s records to be public
42‑6‑142
Penalties
42‑6‑143
Altering or using altered certificate
42‑6‑144
False oath
42‑6‑145
Use of vehicle identification numbers in applications - rules
42‑6‑146
Repossession of motor vehicle or off-highway vehicle - owner must notify law enforcement agency - definition - penalty
42‑6‑147
Central registry - rules
42‑6‑148
Off-highway vehicles - sales
42‑6‑201
Definitions
42‑6‑202
Prohibited acts - penalty
42‑6‑204
Private civil action
42‑6‑205
Consumer protection
42‑6‑206
Disclosure requirements upon transfer of ownership of a salvage vehicle - rules - definitions
Green check means up to date. Up to date

Current through Fall 2024

§ 42-6-206’s source at colorado​.gov