What action must be taken if a dealer demo plate is lost or stolen?

If a dealer demo plate is lost or stolen, it is crucial to report the incident within a specified timeframe to reflect the state's regulations on managing such incidents. The requirement to report the loss or theft within 72 hours is designed to prevent misuse of the plate and to ensure that law enforcement agencies are alerted promptly. Timely reporting helps in tracking and potentially recovering the plate, while also deterring any illegal activities that could occur if the plate fell into the wrong hands. Adhering to this reporting timeframe is essential for compliance with Colorado's motor vehicle regulations, ensuring that dealers maintain appropriate oversight of their plates and adhere to legal obligations.