H.F. 354 Section 1. Section 321.42, subsection 2, paragraph b, Code 1 2023, is amended to read as follows: 2 b. After five days, the The department or county treasurer 3 shall issue a replacement copy using the applicant’s most 4 recent bona fide address ; however, the five-day waiting period 5 does not apply to an applicant who is a lienholder or to an 6 applicant who has surrendered the original certificate of 7 title to the department or county treasurer . The replacement 8 copy shall be clearly marked “replacement” and shall include 9 security interests and liens. When a replacement copy has been 10 issued, the previous certificate is void. The department or 11 county treasurer is not authorized to refund fees collected for 12 a replacement title under this section or section 321.52A . 13 EXPLANATION 14 The inclusion of this explanation does not constitute agreement with 15 the explanation’s substance by the members of the general assembly. 16 Under current law, if an original certificate of title to 17 a motor vehicle is lost or destroyed, the owner or lienholder 18 is required to apply for a replacement copy. The application 19 must be made to the department of transportation (DOT) or 20 county treasurer who issued the original certificate of title. 21 The application must be signed by the owner or lienholder 22 and accompanied by a $20 fee. The DOT or county treasurer 23 must wait five days before issuing a replacement copy using 24 the applicant’s most recent bona fide address. However, the 25 five-day waiting period does not apply to an applicant who is a 26 lienholder or to an applicant who has surrendered the original 27 certificate of title to the DOT or county treasurer. 28 This bill strikes the five-day waiting period. 29 -1- LSB 2226YH (2) 90 th/ns 1/ 1