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DENVER, CO - The House Transportation, Housing and Local Government Committee today passed legislation to ease the car buying and selling processes by allowing for the use of digital titles.
“This bill will modernize the car buying and selling process for Coloradans, making it more efficient for everyone involved,” said Speaker Pro Tempore Andy Boesenecker, D-Fort Collins. “We’re already using digital titles in most instances, and there is no reason that it shouldn’t be allowed for out-of-state or all-cash purchases. This legislation would update Colorado law and streamline the use of digital titles.”
“Transferring ownership of a car can be stressful, which is why I’m sponsoring this bill to update current Colorado law that requires physical titles for certain transactions,” said Rep. Amy Paschal, D-Colorado Springs. “We already have the technology to use digital titles, but it’s not allowed in all circumstances. While paper titles will remain the standard, this legislation would add the option of e-titles for out-of-state and all-cash purchases to make the car buying and selling processes easier for Coloradans.”
Currently, Colorado law allows electronic certificates of title to be used in nearly all vehicle transactions, only excluding those in which a party is located outside of Colorado or the purchaser buys a vehicle entirely with cash. HB26-1041, sponsored by Speaker Pro Tempore Andy Boesenecker and Rep. Amy Paschal, would allow electronic certificates of title to be used in all vehicle transactions.
HB26-1041 passed by a vote of 12-0.