Former Assemblman Bob Pacheco: AB 1215 Harms Consumers, Business & Doesn’t Make Sense
AB 1215 Harms Consumers, Business & Doesn’t Make Sense By Bob Pacheco, State Assemblyman, Retired
Ronald Reagan once joked that an economist is someone who sees something happen in the real world and wonders if it will work in theory.
His point was that policymakers spend too much time focused on theory and too little focused on what really works. A prime example of this is going on in the State Legislature right now. AB 1215 is supposed to be about giving consumers the information they need to buy a car. Except it doesn’t do that. Instead, it mandates that car dealers only obtain a federal government issued report known as the NMVTIS vehicle history report. But the NMVTIS system was never intended for use as a sales tool for sellers of used cars. Its best use may be to just assist government and law enforcement in fighting vehicle fraud.
Dealers know that other more comprehensive and more accurate reports are available from privately-owned commercial databases that provide incentives to mechanics and insurance companies to keep detailed records of cars that have… Read More