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Text: HSB00516                          Text: HSB00518
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House Study Bill 517

Conference Committee Text

PAG LIN
  1  1    Section 1.  Section 321.20A, Code Supplement 1995, is
  1  2 amended to read as follows:
  1  3    321.20A  CERTIFICATE OF TITLE &endash; COMMERCIAL MOTOR VEHICLES.
  1  4    1.  Notwithstanding other provisions of this chapter, the
  1  5 owner of a commercial motor vehicle with a gross vehicle
  1  6 weight rating of twenty-six thousand one pounds or more,
  1  7 subject to the proportional registration provisions of chapter
  1  8 326, may make application to the department for a certificate
  1  9 of title.  The application for certificate of title shall be
  1 10 made within fifteen days of purchase or transfer and
  1 11 accompanied by a ten dollar title fee and appropriate use tax.
  1 12    2.  A commercial motor vehicle issued a certificate of
  1 13 title under this section shall not be subject to registration
  1 14 fees until the commercial motor vehicle is driven or moved
  1 15 upon the highways.  The registration fee due shall be prorated
  1 16 for the remaining unexpired months of the registration year.
  1 17 Ownership of a commercial motor vehicle issued a certificate
  1 18 of title under this section shall not be transferred until
  1 19 registration fees have been paid to the department.
  1 20    3.  The certificate of title provision for commercial motor
  1 21 vehicles with a gross vehicle weight rating of twenty-six
  1 22 thousand one pounds or more shall apply to owners with fleets
  1 23 of more than fifty commercial motor vehicles based in Iowa
  1 24 under the proportional registration provisions of chapter 326.
  1 25 The original certificate of title shall be delivered to the
  1 26 owner if no security interest or encumbrance appears on the
  1 27 certificate, otherwise the certificate of title shall be
  1 28 delivered by the department to the person holding the first
  1 29 security interest or encumbrance as shown on the certificate
  1 30 of title.  
  1 31                           EXPLANATION
  1 32    Current law allows the owner of a commercial motor vehicle
  1 33 with a gross vehicle weight rating of 26,000 pounds or more,
  1 34 subject to proportional registration under chapter 326, to
  1 35 apply to the state department of transportation for a
  2  1 certificate of title.  The commercial motor vehicle is not
  2  2 subject to a registration fee until it is driven upon the
  2  3 highway and only owners with fleets of more than 50 commercial
  2  4 motor vehicles may apply for a certificate under section
  2  5 321.20A.
  2  6    This bill changes section 321.20A by referring to
  2  7 commercial vehicles rather than commercial motor vehicles,
  2  8 thus including within its provisions, trailers and
  2  9 semitrailers.  It also strikes the 50 commercial motor vehicle
  2 10 fleet limitation and allows any owner of a commercial vehicle,
  2 11 which otherwise meets the requirements of section 321.20A, to
  2 12 apply for a certificate of title.  
  2 13 LSB 3423HC 76
  2 14 js/cf/24
     
Text: HSB00516                          Text: HSB00518
Text: HSB00500 - HSB00599               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index
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