A bill for an act relating to licensing of service companies, motor vehicle service contracts, and residential service contracts, and providing civil penalties.

Summary

The bill creates a licensing system for any business that issues motor‑vehicle service contracts or residential service contracts in Iowa. Companies must obtain a license, submit detailed application information, pay fees, and report changes, disciplinary actions, and criminal prosecutions involving owners or officers. It also adds definitions such as “service contract holder,” “substitute part,” and “support services.”

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