Iowa SF492 mandates vehicle recyclers to verify no lienholder interest in vehicles over 12 years old acquired for less than $1,000.

Iowa SF492 amends existing law to require licensed vehicle recyclers to use state records to confirm the absence of a lienholder before acquiring vehicles over 12 years old for less than $1,000. This verification is not necessary when acquiring vehicles from scrap metal dealers. The bill also allows vehicle owners to sell such vehicles to recyclers without a certificate of title or junking certificate. Violation of these provisions is a simple misdemeanor with a fine of $135.

Iowa SF492 mandates vehicle recyclers to verify no lienholder interest in vehicles over 12 years old acquired for less than $1,000.

Iowa SF492 amends existing law to require licensed vehicle recyclers to use state records to confirm the absence of a lienholder before acquiring vehicles over 12 years old for less than $1,000. This verification is not necessary when acquiring vehicles from scrap metal dealers. The bill also allows vehicle owners to sell such vehicles to recyclers without a certificate of title or junking certificate. Violation of these provisions is a simple misdemeanor with a fine of $135.