House File 2268 - Enrolled

PAG LIN



  1  1                                             HOUSE FILE 2268
  1  2
  1  3                             AN ACT
  1  4 MAKING SPECIFIED REVISIONS TO THE CONSUMER CREDIT CODE TO
  1  5    CONFORM TO FEDERAL STATUTORY UPDATES AND PROHIBIT THE
  1  6    TRANSFER OF OWNERSHIP OF A MOTOR VEHICLE PURSUANT TO A
  1  7    CONSUMER RENTAL PURCHASE AGREEMENT.
  1  8
  1  9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1 10
  1 11    Section 1.  Section 537.1302, Code 2007, is amended to read
  1 12 as follows:
  1 13    537.1302  DEFINITION == TRUTH IN LENDING ACT.
  1 14    As used in this chapter, "Truth in Lending Act" means Title
  1 15 1 of the Consumer Credit Protection Act, in subchapter 1 of 15
  1 16 U.S.C. ch. 41, as amended to and including January 1, 1998
  1 17 2008, and includes regulations issued pursuant to that Act
  1 18 prior to January 1, 1998 2008.
  1 19    Sec. 2.  Section 537.3604, subsection 7, Code 2007, is
  1 20 amended to read as follows:
  1 21    7.  "Personal property" means any property that is not real
  1 22 property under the laws of this state when it is made
  1 23 available for a consumer rental purchase agreement.  For the
  1 24 purposes of this part, "personal property" does not include a
  1 25 motor vehicle, a manufactured home, or a manufactured or
  1 26 mobile home as defined in section 321.1.
  1 27
  1 28
  1 29                                                             
  1 30                               PATRICK J. MURPHY
  1 31                               Speaker of the House
  1 32
  1 33
  1 34                                                             
  1 35                               JOHN P. KIBBIE
  2  1                               President of the Senate
  2  2
  2  3    I hereby certify that this bill originated in the House and
  2  4 is known as House File 2268, Eighty=second General Assembly.
  2  5
  2  6
  2  7                                                             
  2  8                               MARK BRANDSGARD
  2  9                               Chief Clerk of the House
  2 10 Approved                , 2008
  2 11
  2 12
  2 13                            
  2 14 CHESTER J. CULVER
  2 15 Governor