A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles.(See SF 2308.)
Impact
If passed, SSB3035 would amend the existing vehicle registration laws in Iowa. Under the new provisions, applicants who meet certain criteria could enjoy a more straightforward process without the financial burden of a bond. This would primarily benefit owners of older vehicles or antique vehicles while maintaining the DOT's oversight and approval mechanism. The intent behind this change is to reduce bureaucratic barriers and make it easier for individuals to register vintage or lesser-valued vehicles.
Summary
Senate Study Bill 3035 aims to streamline the process of registering and titling certain motor vehicles by providing an alternative to the requirement of filing a bond. Specifically, it addresses situations in which a county treasurer or the Department of Transportation (DOT) has concerns about vehicle ownership or undisclosed security interests. Currently, a bond is required for registration in such cases, which can complicate the process for applicants. This bill proposes that individuals seeking vehicle registration first receive approval from the DOT, potentially eliminating the bond requirement for vehicles valued at $1,000 or less and are older than twelve model years.
Contention
Though the bill seems beneficial for lowering barriers to vehicle registration, it may raise concerns among stakeholders regarding the potential for fraud or disputes over ownership and security interests. Some legislators may debate whether reducing bond requirements adequately protects prior owners and secured creditors against potential losses. As this bill progresses, discussions among lawmakers will likely focus on balancing regulatory efficiency with sufficient protections for existing property rights in vehicle ownership.
Replaced by
A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles. (Formerly HSB 553.) Effective date: 07/01/2024.
IA SF2308
Replaced by
A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles.(Formerly SSB 3035.)
A bill for an act providing an alternative to filing a bond as a condition of registering and titling certain motor vehicles. (Formerly HSB 553.) Effective date: 07/01/2024.
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly SF 80; See SF 380.)
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(See SSB 1053, SF 380.)
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly SSB 1053, SF 80.)
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly HF 55; See HF 674.)
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(See HF 344, HF 674.)
A bill for an act relating to vehicles, including by providing for registration and titling of motor vehicles by any county treasurer, by modifying related fees and the amount of fees retained by county treasurers, and the definitions of terms for purposes of motor vehicle franchisers, and including effective date provisions. (Formerly HF 344, HF 55.) Effective date: 07/01/2024, 01/01/2025.
Relating to reporting ownership of mineral interests severed from the surface estate and the vesting of title by judicial proceeding to certain abandoned mineral interests.