(1) (a) If the applicant for a
certificate of title to a motor vehicle is unable to provide the director or the
authorized agent with a certificate of title duly transferred to the applicant or other
evidence of ownership that satisfies the director that the applicant owns the
vehicle, the director may issue a rebuilder's title for a motor vehicle valued
principally because of the vehicle's early date of manufacture, design, or historical
interest or valued as a collector's item if:
(I) The motor vehicle is not roadworthy;
(II) The motor vehicle is at least twenty-five years old;
(III) The components of the motor vehicle include at least a rolling chassis;
(IV) The application contains or is accompanied by a statement that complies
with paragraph (b) of this subsection (1);
(V) The applicant obtains a certified vehicle identification number inspection;
and
(VI) The applicant provides surety that complies with subsection (3) of this
section.
(b) The statement required by subparagraph (IV) of paragraph (a) of this
subsection (1) must contain an account of the facts by which the applicant acquired
ownership of the vehicle, the source of the title to the vehicle, and such other
information as the director may require. The statement must contain a written
declaration that it is made under the penalties of perjury in the second degree, as
defined in section 18-8-503, C.R.S.
(c) [ Editor's note: Subsection (1)(c) is effective July 1, 2027. ] If an applicant
for a certificate of title to a motor vehicle is able to provide the director or an
authorized agent with a certificate of title duly transferred to the applicant or other
evidence of ownership that satisfies the director that the applicant owns the
vehicle, the director or authorized agent may issue a rebuilder's title for the motor
vehicle valued principally because of the vehicle's early date of manufacture,
design, or historical interest or valued as a collector's item if:
(I) The motor vehicle is not roadworthy;
(II) The motor vehicle is at least twenty-five years old;
(III) The components of the motor vehicle include at least a rolling chassis;
and
(IV) The applicant obtains a certified vehicle identification number
inspection.
(2) If a motor vehicle titled under this section is later made roadworthy, the
department shall issue to an applicant a standard certificate of title if the applicant:
(a) Obtains a certified vehicle identification number inspection;
(b) (I) Furnishes a bond under subsection (3) of this section;
(II) This subsection (2)(b) is repealed, effective July 1, 2027; and
(c) [ Editor's note: Subsection (2)(c) is effective July 1, 2027. ] Surrenders the
previous ownership document or title.
(3) (a) [ Editor's note: This version of subsection (3)(a) is effective until July 1,
2027. ] To convert a rebuilder's title to a standard certificate of title, the applicant
shall furnish evidence of a savings account, deposit, or certificate of deposit
meeting the requirements of section 11-35-101, C.R.S., or a good and sufficient bond
with a corporate surety. The account, deposit, certificate, or bond must be in an
amount fixed by the director, but not less than twice the reasonable value of the
vehicle, determined as of the time of application. The applicant and the applicant's
surety shall hold harmless any person who suffers loss or damage by reason of the
filing of a certificate of title under this section.
(3) (a) [ Editor's note: This version of subsection (3)(a) is effective July 1,
2027. ] To comply with subsection (1)(a)(VI) of this section, an applicant must furnish
evidence of a savings account, deposit, or certificate of deposit meeting the
requirements of section 11-35-101 or a good and sufficient bond with a corporate
surety. The account, deposit, certificate, or bond must be in an amount fixed by the
director, but not less than twice the reasonable value of the vehicle, determined as
of the time of application. The applicant and the applicant's surety must hold
harmless any person that suffers loss or damage by reason of the filing of a
certificate of title under this section.
(b) If a person suffers loss or damage by reason of the filing of a certificate
of title under this section, the person has a right of action against the applicant and
the surety on the applicant's bond, against either of whom the person damaged
may proceed independently of the other.
(4) (a) A person shall not drive a motor vehicle titled under this section on the
highways until it complies with subsection (5) of this section.
(b) The department or its authorized agent shall not classify a vehicle issued
a title under this section as a salvage vehicle.
(5) (a) If the motor vehicle's frame and body identification numbers do not
match the manufacturer's numbering system as being originally mated or if the
motor vehicle is reconstructed from salvage parts or other motor vehicles or
reproduction parts, an application for title using subsection (1) or (2) of this section
must include evidence of ownership of the parts, other motor vehicles, or
reproduction components used in the reconstruction. If the evidence is not
acceptable to the director, the director shall reject the application for certificate of
title.
(b) The evidence required by paragraph (a) of this subsection (5) must
include or be accompanied by an affidavit stating the facts concerning the
reconstruction and an affidavit of physical inspection that includes a computer
check of the state and national compilations of wanted and stolen vehicles.
(c) Before issuing a certificate of title under paragraph (a) of this subsection
(5), the department shall issue a special vehicle identification number to the
vehicle.