If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Katrina Lemons
Holes in Monitoring System Let Lemons Get Resold
Morning Edition, January 31, 2006 · Thousands of vehicles that sat in the murky waters left by hurricanes Katrina and Rita are starting to show up on the used-car market. Most states require that flooded cars be labeled as such on the title. But scam artists have found loopholes in the system. They re-register cars in states with looser title laws -- sometimes two or three states -- until the warning that the car was flooded is gone. This fraudulent practice is known as "title washing." In 1992, Congress passed a law designed to stop the practice of title washing, but it was never fully implemented. The National Motor Vehicle Title Information System (NMVTIS) was designed to offer car history reports, as well as other information not available from commercial companies -- such as valuable data derived from insurance claims. Advocates say the program would save both consumers and the government money -- money that might otherwise be spent investigating title fraud. But NMVTIS has been crippled. Consumer advocates say one big reason is opposition from commercial interests that profit from title washing. More at http://www.npr.org/templates/story/s...toryId=5173717 |
Ads |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
PainlessPerformance puts on Katrina benefit | Backyard Mechanic | Ford Mustang | 0 | September 15th 05 02:57 AM |
OT - Article on Katrina | Sir Lex | Driving | 1 | September 5th 05 02:24 PM |
Wetlands destruction highly relevant to Katrina damage (was Hurricane Katrina Comments and Questions) | Enough Already | Driving | 2 | August 31st 05 01:01 PM |
one more lemons grudgingly jump the empty planet | Gregory U. Nice | General | 0 | January 17th 05 10:51 AM |
plenty of empty lemons around the solid kiosk were departing for the humble sign | [email protected] | Technology | 0 | January 15th 05 01:51 PM |