Text: SF02191 Text: SF02193 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 SENATE FILE 2192 1 2 1 3 AN ACT 1 4 RELATING TO MOTOR VEHICLE DAMAGE DISCLOSURE STATEMENTS. 1 5 1 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 7 1 8 Section 1. Section 321.69, subsections 2 and 3, Code 1 9 Supplement 1997, are amended to read as follows: 1 10 2. The damage disclosure statement required by this 1 11 section shall, at a minimum, state the total retail dollar 1 12 amount of all damage to the vehicle during the period of the 1 13 transferor's ownership of the vehicle and whether the 1 14 transferor knows if the vehicle was titled as a salvage or 1 15 flood vehicle in this or any other state prior to the 1 16 transferor's ownership of the vehicle. For the purposes of 1 17 this section, "damage" refers to damage to the vehicle caused 1 18 by fire, vandalism, collision, weather, falling objects, 1 19 submersion in water, or flood, where the cost of repair is 1 20threefive thousand dollars or more per incident, but does not 1 21 include normal wear and tear, glass damage, mechanical repairs 1 22 or electrical repairs that have not been caused by fire, 1 23 vandalism, collision, weather, falling objects, submersion in 1 24 water, or flood. "Damage" does not include the cost of 1 25 repairing, replacing, or reinstalling tires, lights, 1 26 batteries, windshields, windows, a sound system, or an 1 27 inflatable restraint system. A determination of the amount of 1 28 damage to a vehicle shall be based on estimates of the retail 1 29 cost of repairing the vehicle, including labor, parts, and 1 30 other materials, if the vehicle has not been repaired or on 1 31 the actual retail cost of repair, including labor, parts, and 1 32 other materials, if the vehicle has been repaired. Only 1 33 individual incidents in which the retail cost of repairs is 1 34threefive thousand dollars or more are required to be 1 35 disclosed by this section. If the vehicle has incurred damage 2 1 ofthreefive thousand dollars or more per incident in more 2 2 than one incident, the damage amounts must be combined and 2 3 disclosed as the total of all separate incidents. 2 4 3. The damage disclosure statement shall be provided by 2 5 the transferor to the transferee at or before the time of 2 6 sale. However, if the transferor has a salvage certificate of 2 7 title for the vehicle, the transferor is not required to 2 8 disclose under this section the total retail cost of repairs 2 9 to the vehicle during the period of the transferor's ownership 2 10 of the vehicle. If the transferor is not a resident of this 2 11 state the transferee shall not be required to submit a damage 2 12 disclosure statement from the transferor with the transferee's 2 13 application for title unless the state of the transferor's 2 14 residence requires a damage disclosure statement. However, 2 15 the transferee shall submit a damage disclosure statement with 2 16 the transferee's application for title indicating whether a 2 17 salvage or rebuilt title had ever existed for the vehicle, 2 18 whether the vehicle had incurred prior damage ofthreefive 2 19 thousand dollars or more per incident, and the year, make, and 2 20 vehicle identification number of the motor vehicle. The 2 21 transferee shall not be required to indicate whether the 2 22 vehicle had incurred prior damage ofthreefive thousand 2 23 dollars or more per incident under this subsection if the 2 24 transferor's certificate of title is from another state and if 2 25 it indicates that the vehicle is salvaged and not rebuilt or 2 26 is another state's salvage certificate of title. 2 27 2 28 2 29 2 30 MARY E. KRAMER 2 31 President of the Senate 2 32 2 33 2 34 2 35 RON J. CORBETT 3 1 Speaker of the House 3 2 3 3 I hereby certify that this bill originated in the Senate and 3 4 is known as Senate File 2192, Seventy-seventh General Assembly. 3 5 3 6 3 7 3 8 MARY PAT GUNDERSON 3 9 Secretary of the Senate 3 10 Approved , 1998 3 11 3 12 3 13 3 14 TERRY E. BRANSTAD 3 15 Governor
Text: SF02191 Text: SF02193 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 1998 Cornell College and League of Women Voters of Iowa
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