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."
KRS 186A.500
Legislative finding
Applied in 1 court decision — leading case Potter v. Bruce Walters Ford Sales, Inc. (2001)
Most recently applied in Potter v. Bruce Walters Ford Sales, Inc. (February 2001)
Effective: July 15, 1994 History: Created 1994 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.