Iowa 2025-2026 Regular Session

Iowa Senate Bill SF468

Caption

A bill for an act relating to abandoned vehicles, and making penalties applicable.(Formerly SSB 1038.)

Impact

In addition to the shortened notification period, SF468 proposes to extend the reclamation window for owners from ten to twenty days. This change provides vehicle owners and lienholders with additional time to reclaim their vehicles and any personal property left inside. The bill also establishes protocols for lienholders and insurance companies to request information regarding the condition of the abandoned vehicle, which can include a physical inspection or access to photos of the vehicle.

Summary

Senate File 468 is legislation aimed at addressing the process and procedures surrounding abandoned vehicles in Iowa. The bill modifies existing laws by changing the notification timeline for owners of abandoned vehicles. Specifically, it mandates that a police authority or private entity must send notification to the last known registered owner and any known lienholders within ten days of taking custody of the vehicle, a reduction from the previous requirement of twenty days. This shift is intended to streamline the communication process and expedite the reclamation of vehicles.

Contention

The bill's provisions stipulate that failure to provide requisite notice can affect the rights of claimants, ensuring they do not forfeit their interests in the vehicle or personal items if proper protocol is not followed. Moreover, if an entity fails to notify a lienholder, the bill mandates that the lienholder must be compensated from any auction proceeds before the private entity can utilize the funds for any other purpose. This aspect of the bill aims to protect the rights of lienholders and promote accountability among entities managing abandoned vehicles. Some concerns may arise regarding how these changes may impact the efficiency of vehicle reclamation and the potential for disputes over unclaimed vehicles.

Companion Bills

IA SSB1038

Related A bill for an act relating to abandoned vehicles, and making penalties applicable.(See SF 468.)

Similar Bills

TX HB2392

Relating to the persons entitled to redeem property after the foreclosure of a property owners' association's assessment lien.

AR SB263

To Amend The Law Concerning The Procedure For The Sale Of Property Possessed By Certain Lienholders.

OR HB3371

Relating to lienholders of a residential tenant's abandoned property.

CA AB1019

Apprenticeship: developmentally disabled persons.

TX SB2121

Relating to the persons entitled to redeem property after the foreclosure of a property owners' association's assessment lien.

OR SB1069

Relating to residential tenancies.

TX HB3479

Relating to filing of instruments conveying real property in certain counties and redemption of property after the foreclosure of certain assessment liens.

CA AB501

Liens on aircraft: sale.