HF 493: Relating to optional equipment and subscription service fees included with the sale of motor vehicles by licensed motor vehicle dealers, and making penalties applicable

What it does

This bill prohibits a person who is engaged in the business of selling motor vehicles at retail from making or entering into a contract that has an optional equipment or subscription service fee unless the cost of the additional fee is included with the advertised sales price of the vehicle. A contract that has an optional equipment or subscription service fee must include a detailed description of the optional equipment installed in the vehicle, a breakdown of the cost of the optional equipment and any associated subscription fee, including but not limited to the monthly cost necessary to use the optional equipment, and contact information of the manufacturer of the optional equipment, including a telephone number and email address, that directs the buyer to a customer service representative who can assist with the termination of the subscription service.

Lobbying · 1 for, 1 against

For: AARP Iowa

Against: Iowa Automobile Dealers Association

In plain words

1. February 28, 2023Filed in the House and sent to the Transportation committee