HB 5258

Abstract

Amends the Renter's Financial Responsibility and Protection Act. Provides for a uniform limit on the amount per day that the renter of a vehicle may be charged for collision damage waivers (rather than providing a limit that is lower than the uniform limit amount if the rental vehicle type has a suggested retail price of $30,000 or less and a limit that is higher than the uniform limit amount if the rental vehicle type has a suggested retail price of more than $30,000). Provides for a $1 increase in the limit amount, beginning on January 1, 2008, and an additional increase of $1 on each second subsequent January 1, through January 1, 2016.