Iowa 2025 2025-2026 Regular Session

Iowa Senate Bill SF300 Introduced / Bill

Filed 02/13/2025

                    Senate File 300 - Introduced   SENATE FILE 300   BY ROWLEY   A BILL FOR   An Act relating to replacement certificates of title for 1   vehicles, providing fees, and including retroactive 2   applicability provisions. 3   BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4   TLSB 2538XS (3) 91   th/ns  

  S.F. 300   Section 1. Section 321.42, subsection 2, paragraphs a, b, 1   and d, Code 2025, are amended to read as follows: 2   a. If a certificate of title is lost or destroyed, the 3   owner or lienholder shall apply for a replacement copy of the   4   original   certificate of title. The owner or lienholder of a 5   motor   vehicle may also apply for a replacement copy of the 6   original certificate of title upon surrender of the original 7   certificate of title with the application. The application 8   shall be made to the department or any county treasurer. The 9   application shall be signed by the owner or lienholder and 10   accompanied by a fee of thirty dollars. 11   b. After five days, the department or county treasurer 12   shall issue a replacement copy   certificate of title using 13   the applicants most recent bona fide address; however, the 14   five-day waiting period does not apply to an applicant who is a 15   lienholder or to an applicant who has surrendered the original 16   certificate of title to the department or county treasurer. 17   The replacement copy   certificate of title shall be clearly 18   marked replacement and shall include security interests and 19   liens. When a replacement copy   certificate of title has been 20   issued, the previous certificate is void. The department or 21   county treasurer is not authorized to refund fees collected 22   for a replacement certificate of   title under this section or 23   section 321.52A . 24   d. A new purchaser or transferee is entitled to receive 25   an original certificate of title upon presenting the assigned 26   replacement copy certificate of title to any county treasurer. 27   At the time of purchase, a purchaser may require the seller 28   to indemnify the purchaser and all future purchasers of the 29   vehicle against any loss which may be suffered due to claims 30   on the original certificate of title   . A person recovering an 31   original certificate of title for which a replacement has been 32   issued shall surrender the original certificate of title   to the 33   county treasurer or the department. 34   Sec. 2. Section 321.152, subsection 1, paragraph c, Code 35   -1-   LSB 2538XS (3) 91   th/ns 1/ 2                   

  S.F. 300   2025, is amended to read as follows: 1   c. Forty percent of all fees   Eighteen dollars of each fee 2   collected for certified copies of replacement certificates of 3   title. 4   Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 5   retroactively to replacement copies of an original certificate 6   of title applied for on or after January 1, 2025. 7   EXPLANATION 8   The inclusion of this explanation does not constitute agreement with 9   the explanations substance by the members of the general assembly. 10   Under current law, if a vehicles certificate of title 11   is lost or destroyed, the owner or lienholder is required to 12   apply for a replacement copy of the original certificate of 13   title. The owner or lienholder of a motor vehicle may also 14   apply for a replacement copy of the original certificate of 15   title upon surrender of the original certificate of title with 16   the application. Some Code references to a replacement copy 17   of the original certificate of title instead use certified 18   copies or replacement certificate of title. The fee for 19   a replacement copy is $30 (increased from $20 in 2024). A 20   county treasurer who issues a replacement copy of an original 21   certificate of title is authorized to retain 40 percent of the 22   fee collected for deposit in the county general fund (increased 23   to $12 from $8 in 2024 by operation of law). 24   This bill harmonizes all references in Code to a 25   replacement certificate of title, or the plural thereof. 26   The bill increases the fee a county treasurer is authorized 27   to retain for deposit in the county general fund from $12 (40 28   percent of the $30 fee) to $18. 29   The bill applies retroactively to replacement copies of an 30   original certificate of title applied for on or after January 31   1, 2025.   32   -2-   LSB 2538XS (3) 91   th/ns 2/ 2