A bill for an act relating to motor vehicle dealers, including rights to certain vehicles, records storage requirements, and remote sales of motor vehicles.
Signed by Governor. H.J. 1067.
Summary
The act updates Iowa statutes so motor vehicle dealers must prove they own the title to any vehicle they sell, store all records at their own or controlling entity’s U.S. business, and supply electronic records to the state within 24 hours of request. It also adds disclosure requirements for vehicles sold remotely, such as whether the car is out of state, if the title is electronic, and the estimated delivery date. These changes aim to increase transparency and protect buyers in online vehicle transactions.
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