H. B. 4684
(By Delegates Caruth (By Request)
and Trump (By Request))
[Introduced February 27, 2004; referred to the
Committee on Roads and Transportation then the Judiciary.]
A BILL to amend and reenact §17A-7-1 of the code of West Virginia,
1931, as amended, relating to providing that companies
performing contract repossession services for financial
institutions may be issued temporary decals from the division
of motor vehicles to operate or transport repossessed vehicles
in the course of their business.
Be it enacted by the Legislature of West Virginia:
That §17A-7-1 of the code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 7. SPECIAL STICKERS.
§17A-7-1. Operation of vehicles by financial institution or
wrecker under special stickers; application and
fees; expiration.
The commissioner may upon application issue to a banking
institution, insurance company, entity in the business of repossessing motor vehicles including an entity contracting to
perform repossession services for a financial institution, finance
company, or other type of lending or financial institution, or a
person engaged exclusively in wrecking or dismantling vehicles, a
paper sticker or decal to be affixed to the left side of the rear
window of a motor vehicle or at a place on any other type vehicle
as designated by the commissioner. The sticker or decal shall be
of a size to be designated by the commissioner and shall be
serially numbered and shall have provision thereon to indicate the
date of issuance. The division shall charge a fee of one dollar
per sticker. The sticker or decal shall be valid for the operation
of a vehicle, whether under its own power or while being towed, one
time only over the streets or highways of this state, and upon
being once affixed to a vehicle shall become invalid for subsequent
use on that or any other vehicle. The commissioner may require, as
a condition for the issuance of the permit, insurance as he or she
determines appropriate.
NOTE: The purpose of this bill is to provide that companies
performing contract repossession services for financial
institutions may be issued temporary decals from the Division of
Motor Vehicles to operate or transport repossessed vehicles in the
course of their business.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
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