SF468 amends laws on abandoned vehicles, extending the notice period and reclamation period for owners and lienholders.
SF468 modifies the handling of abandoned vehicles in Iowa. It mandates that entities taking custody of abandoned vehicles must send notice to known claimants within ten days. The reclamation period for owners and lienholders is extended from ten to twenty days. If notice is not provided, and a private entity sells the vehicle at auction, it must pay the lienholder from the auction proceeds.
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