AN ACT INCREASING THE TIME PERIOD FOR A TOWING COMPANY TO SELL A TOWED MOTOR VEHICLE FROM FIFTEEN DAYS TO SIXTY DAYS.

HB 5490 extends the time towing companies have to sell towed vehicles from 15 to 60 days, specifically for vehicles valued at $1,500 or less. This change directly affects towing companies and vehicle owners whose cars are towed and left unclaimed, particularly for lower-value vehicles. The bill amends existing law to allow the sale of these vehicles after 60 days instead of the current 15-day period, providing more time for owners to reclaim them before sale. It does not apply to vehicles exceeding the $1,500 value threshold.