HF 354 (LSB 2226YH (2) 90)

HOUSE FILE 354

BY  P. THOMPSON

A BILL FOR

An Act relating to the waiting period for a replacement of a motor vehicle certificate of title.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 321.42, subsection 2, paragraph b, Code 2023, is amended to read as follows:
   b.  After five days, the The department or county treasurer shall issue a replacement copy using the applicant’s most recent bona fide address; however, the five-day waiting period does not apply to an applicant who is a lienholder or to an applicant who has surrendered the original certificate of title to the department or county treasurer. The replacement copy shall be clearly marked “replacement” and shall include security interests and liens. When a replacement copy has been issued, the previous certificate is void. The department or county treasurer is not authorized to refund fees collected for a replacement title under this section or section 321.52A.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   Under current law, if an original certificate of title to a motor vehicle is lost or destroyed, the owner or lienholder is required to apply for a replacement copy. The application must be made to the department of transportation (DOT) or county treasurer who issued the original certificate of title. The application must be signed by the owner or lienholder and accompanied by a $20 fee. The DOT or county treasurer must wait five days before issuing a replacement copy using the applicant’s most recent bona fide address. However, the five-day waiting period does not apply to an applicant who is a lienholder or to an applicant who has surrendered the original certificate of title to the DOT or county treasurer.
   This bill strikes the five-day waiting period.