326.12  Vehicles deleted — registration transferred.
  Registrants who delete commercial vehicles displaying Iowa base plates from the fleet after the commencement of the registration year shall be allowed to transfer registration credit to a replacement vehicle in accordance with this section. Iowa shall allow credit for non-Iowa based deleted vehicles only if the jurisdiction designated by the registrant as the base jurisdiction of the deleted vehicle permits transfer of registration credit to the replacement vehicle. Allowance of credit for deleted vehicles shall be subject to the following conditions:
  1.  The fee for issuance of registration credentials for a replacement vehicle shall be seven dollars.
  2.  If a leased vehicle is to be deleted from the fleet and unexpired registration fees applied to the replacement vehicle, the lessee shall refund any unexpired registration fees paid by the lessor to the lessee on the transferred vehicle.
  3.  Credit shall be given for unexpired months.
  4.  The registration of the vehicle being added to the fleet is not delinquent under chapter 321.
[C71, 73, 75, 77, 79, 81, §326.12]
2002 Acts, ch 1063, §42; 2012 Acts, ch 1093, §22