Iowa SF292 regulates the acquisition of vehicles by recyclers, requiring verification of no lienholder interest.

Iowa SF292 modifies the acquisition rules for vehicles sold for scrap or junk. It allows vehicle owners to dispose of a vehicle to a licensed recycler without a certificate of title or junking certificate if the vehicle is 12 model years old or older and acquired for less than $1,000. The recycler must verify there is no lienholder with a security interest in the vehicle. A violation of these provisions is a simple misdemeanor, punishable by a fine of $135.

Iowa SF292 regulates the acquisition of vehicles by recyclers, requiring verification of no lienholder interest.

Iowa SF292 modifies the acquisition rules for vehicles sold for scrap or junk. It allows vehicle owners to dispose of a vehicle to a licensed recycler without a certificate of title or junking certificate if the vehicle is 12 model years old or older and acquired for less than $1,000. The recycler must verify there is no lienholder with a security interest in the vehicle. A violation of these provisions is a simple misdemeanor, punishable by a fine of $135.