SF2457 modifies regulations on abandoned vehicles, including notice requirements, fee structures, and distribution of sale proceeds.

SF2457 amends laws on abandoned vehicles, requiring police authorities and private entities to notify known claimants within ten days of taking custody. It allows private entities to charge fees for the first 24 hours of custody and prohibits additional fees unless claimants are notified. Owners, lienholders, or claimants lose rights to the vehicle if they do not reclaim it within 20 days of notice. The bill mandates that proceeds from vehicle sales first cover any remaining loan amounts to lienholders, then the original owner, with any surplus deposited into the statutory allocations fund.

SF2457 modifies regulations on abandoned vehicles, including notice requirements, fee structures, and distribution of sale proceeds.

SF2457 amends laws on abandoned vehicles, requiring police authorities and private entities to notify known claimants within ten days of taking custody. It allows private entities to charge fees for the first 24 hours of custody and prohibits additional fees unless claimants are notified. Owners, lienholders, or claimants lose rights to the vehicle if they do not reclaim it within 20 days of notice. The bill mandates that proceeds from vehicle sales first cover any remaining loan amounts to lienholders, then the original owner, with any surplus deposited into the statutory allocations fund.