04RS SB72


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SB 72 (BR 1120) - T. Buford

     AN ACT relating to motor vehicle retail installment contracts.
     Create a new section of KRS Chapter 190 to establish a statute of limitations for actions involving a breach of a motor vehicle retail sales installment contract; amend KRS 382.675 to delete the requirement that a motor vehicle registration be recorded before an instrument reserving a security interest.


     SCS - Retain original provisions except delete amendment relative to recording of a motor vehicle security interest and repeal KRS 382.675 in lieu thereof.

     SFA (1, D. Karem) - Amend Section 1 to reduce the statute of limitations for the enforcement of a motor vehicle retail installment contract to four (4) years.

     Jan 9-introduced in Senate
     Jan 14-to Judiciary (S)
     Jan 29-reassigned to Banking and Insurance (S)
     Feb 4-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 5-2nd reading, to Rules
     Feb 10-posted for passage in the Regular Orders of the Day for Wednesday, February 11, 2004; floor amendment (1) filed to Committee Substitute
     Feb 11-3rd reading; floor amendment (1) defeated ; passed 25-10 with Committee Substitute
     Feb 12-received in House
     Feb 13-to Judiciary (H)

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