The General Assembly finds that purchasers when buying vehicles are entitled to know if the vehicle has sustained prior severe damage. The most feasible mechanism for conveying that information is a designation on the title that the vehicle has previously sustained severe damage or has been rebuilt after being declared “junk,” “salvage,” or “water damaged.”
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 243, sec. 1, effective July 15, 1994.