Iowa SF2445 regulates service companies, motor vehicle service contracts, and residential service contracts, setting licensing requirements and civil.

Iowa SF2445 establishes licensing requirements for service companies offering motor vehicle and residential service contracts. It mandates that service companies must be licensed to issue, sell, or offer service contracts in the state. The bill outlines specific requirements for service contracts, including clear language, disclosure of terms, and cancellation procedures. It also details the information service companies must provide in their license applications and renewals, including fees. The commissioner can suspend, revoke, or deny licenses for violations, and may levy civil penalties.

Iowa SF2445 regulates service companies, motor vehicle service contracts, and residential service contracts, setting licensing requirements and civil.

Iowa SF2445 establishes licensing requirements for service companies offering motor vehicle and residential service contracts. It mandates that service companies must be licensed to issue, sell, or offer service contracts in the state. The bill outlines specific requirements for service contracts, including clear language, disclosure of terms, and cancellation procedures. It also details the information service companies must provide in their license applications and renewals, including fees. The commissioner can suspend, revoke, or deny licenses for violations, and may levy civil penalties.