| Title Registration || Forms
and Contact || Consumer
Credit || Dealer Licensing || Federal Rules || Other | |
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| Transfer of Vehicle Requires
Title No person may acquire any right, title, claim or interest in or to
any vehicle subject to registration except by virtue of a certificate of title or
manufacturer's or importer's certificate issued or assigned to the person for such
vehicle, except in case of perfection of a lien or security interest by notation on the
certificate of title as provided in section 321.50, or perfection of a security interest
in new or used vehicles held as inventory for sale as provided in Uniform Commercial Code,
chapter 554, Article 9, or other limited situations. See section 321.45 of the Code of
Iowa, from the Iowa General Assembly. |
| Owner Must Endorse and Supply
Information Upon transfer of registered vehicle, owner must, with limited
exceptions, endorse an assignment and warranty of title upon the certificate for such
vehicle with a statement of all liens and encumbrances thereon, and the owner must deliver
the certificate of title to the purchaser or transferee at the time of delivering the
vehicle. Seller must advise transferee of name of county of last registration and
expiration date. See Section 321.45 of the Code of Iowa, from the Iowa General Assembly. |
| Perfection of Lien on Motor
Vehicle A security interest in a vehicle subject to registration or a
mobile home, with limited exceptions like vehicles held by a dealer as inventory for sale,
is perfected by delivery to the county treasurer of county where certificate of title was
or will be issued, of an application for certificate of title which lists the security
interest, or an application for notation of security interest signed by the owner, or by
one owner of a vehicle owned jointly by more than one person, or a certificate of title
from another jurisdiction which shows the security interest, and a fee of five dollars for
each security interest shown. If owner or secured party has certificate of title, it must
also be delivered at this time in order to perfect the security interest. If a vehicle is
subject to a security interest when brought into Iowa, the validity of the security
interest and the date of perfection is determined by section 554.9103. See section 321.50
of the Code of Iowa, from the Iowa
General Assembly. |
| Notation of Security Interest on
Title and Records When the application and required fee are received, the
county treasurer notifies holder of certificate of title to deliver to treasurer, within
five days from receipt of notice, the certificate of title to permit notation of the
security interest. If the holder of the certificate of title shall fail to deliver it
within the said five days, the holder shall be liable to anyone harmed by the holder's
failure. Upon receipt of required documents and fees, the county treasurer notes such
security interest, and the date, on the certificate over the signature of such officer or
deputy and seal of office. The county treasurer also must note such security interest and
date in the county records system. The county treasurer then mails the certificate of
title to first secured party as shown. See section 321.50 of the Code of Iowa, from the Iowa General Assembly. |
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| http://www.legis.state.ia.us/IACODE/1997SUPPLEMENT/321/50.html |
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The Iowa Department of
Transportation
Motor Vehicle Division
Park Fair Mall,
100 Euclid Avenue,
Des Moines 50306-0382;
515/237-3202 Licenses drivers, vehicle dealers and commercial vehicle operators;
administers the county registration and titling of automobiles and trucks; enforces
licensing, titling and commercial vehicle operating laws.
The Code of Iowa from the Iowa General Assembly. |
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| Right of Consumer To Cure
Default The obligation of a consumer in a consumer credit transaction is
enforceable by a creditor only after compliance with section 537.5110, which states that a
creditor who holds a good faith belief that consumer is in default may give the
consumer written notice of the alleged default, and, if the consumer has a right to cure
the default, must give to consumer the notice of right to cure provided in section
537.5111 before commencing any legal action on an obligation of consumer and before
repossessing collateral |
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| Motor Vehicle Dealers Must Be
Licensed No one may engage in the state of Iowa in the business of
selling motor vehicles at retail or representing or advertising that the person is
engaged or intends to engage in such business before filing an application for license as
a motor vehicle dealer in the state in such form as the department may prescribe. See
Section 322.4 of the Code of Iowa, from the Iowa General Assembly. |
| Iowa Department of
Transportation and Regulation of Vehicles The department's administrator
of motor vehicles administers and supervises the registration of motor vehicles pursuant
to chapter 321, administers and supervises licensing of motor vehicle manufacturers,
distributors and dealers pursuant to chapter 322, administers inspection of motor
vehicles, motor vehicle registration reciprocity, financial responsibility, the
implied consent law, the movement of vehicles of excessive size and weight and the leasing
and renting of vehicles, and administers vehicle franchisers, the regulation of
motor vehicle certificated carriers, and other transportation responsibilities. See
section 307.27 of the Code of Iowa,
from the Iowa General Assembly. |
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| Copyright © 1998 by
LAWDOG.COM Publishing, Inc. |
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