Welcome to your daily briefing on automotive developments in Colorado. Today we're covering 4 key stories including updates on colorado automotive headlines, background & context. Let's dive in.
1 story
The Colorado Division of Motor Vehicles is implementing a significant digital transformation of its driver’s license and motor vehicle technology systems starting in February.
Automotive professionals in CO should anticipate changes to customer verification processes and potential shifts in service center workflows as the state's digital infrastructure updates.
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3 stories
Federal law prohibits the sale of new vehicles under an open recall; the rules vary for used vehicles by state. Several states now require dealers to disclose open recalls to used-car buyers and to repair recalled vehicles before sale. Compliance varies widely across regions.
Selling a vehicle with an undisclosed open recall produces consumer-protection exposure and, in some states, automatic rescission rights for the buyer. The cost is far higher than the recall repair would have been.
Receipt of more than $10,000 in cash from one buyer in one or related transactions requires filing Form 8300 within 15 days. "Cash" includes cashier's checks, money orders, and bank drafts under $10K each (the related-transaction rule aggregates them). Structuring transactions to avoid the threshold is a separate criminal offense.
Form 8300 non-filing penalties scale with intent — willful failure carries criminal exposure for the dealer principal. The form itself takes minutes to file.
A dealer may pull a credit report only with the consumer's authorization or for a specific permissible purpose under FCRA — typically completion of a credit transaction initiated by the consumer. Pulling a credit report based on a sales-floor walk-in without explicit authorization is a violation, even with intent to "save the customer time.".
FCRA violations carry statutory damages even without proof of harm, plus attorney fees. A pattern of unauthorized pulls can produce class-action exposure.
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