1. The refund of the registration fee for motor vehicles shall be computed on the basis of the number of unexpired months remaining in the registration year from date of filing of the claim for refund with the county treasurer, computed to the nearest dollar.
2. The department, unless reasonable grounds exist for delay, shall make refund on or before the last day of the month following the month in which the claim is filed with the department.
3. For trailers or semitrailers issued a multiyear registration plate a refund shall be paid equal to the annual fee for twelve months times the remaining number of complete registration years.
4. Refunds and credits for motor vehicles registered for proportional registration under chapter 326 shall be paid or credited on the basis of unexpired complete calendar months remaining in the registration year from the date the claim or application is filed with the department.
[C24, 27, 31, 35, § 4924; C39, § 5008.23; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 321.127; 81 Acts, ch 104, § 1]
82 Acts, ch 1062, § 24, 38; 85 Acts, ch 87, §6; 87 Acts, ch 108, §8
Referred to in § 321.126, 321.128, 331.557
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© 1999 Cornell College and League of Women Voters of Iowa
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Last update: Thu Mar 18 15:00:31 CST 1999