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Committee advances bill to allow electronic transfer of vehicle title to insurers
Summary
The Senate Labor and Commerce Committee reported House Bill 249, which would allow electronic signature transfer of vehicle titles from insurers (for example, to auto auction companies) to streamline a process currently requiring notarization, and sent the bill from committee with individual recommendations and a fiscal note.
Sen. Bjorkman, chair of the Senate Labor and Commerce Committee, opened a second hearing on House Bill 249, saying the measure would modernize vehicle-title transfers. Staff to Rep. Moore, Tamayo Harbison, told the committee the bill would allow an insurer to transfer a vehicle title electronically to an entity such as an auto auction company, removing the current requirement that an insurer secure a notary and thereby reducing administrative backlogs. "Currently, the insurance company is required to get a notary, which has caused backlogs," Harbison said.
The committee offered no public testimony at the hearing. After brief committee discussion, Senator Ray Jackson moved to report HB249 from committee with individual recommendations and the attached fiscal note; the motion carried without objection and the measure was reported out. The committee took a short at-ease while clerks completed paperwork.
Next steps: the committee reported HB249 from committee with individual recommendations and the accompanying fiscal note; the record shows the bill will proceed through the legislature for further consideration. No amendments or formal votes on the floor were recorded in this hearing.
