Bills › 90th General Assembly
HSB 553
Topics:Transportation
Where it is now
- Done: IntroducedJanuary 10, 2024
- Done: SubcommitteeJanuary 10, 2024
- Done: House committeeJanuary 31, 2024
- Skipped: Passes the HouseContinued as HF 2316
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2316 → Its progress continues under the new number. Go to HF 2316 What’s a funnel?
What’s in it
Under current law, if a county treasurer or the department of transportation (DOT) is not satisfied as to the ownership of a vehicle or that there are no undisclosed security interests in it, or if a junking certificate has been issued for the vehicle but a certificate of title will not be reissued and the vehicle is years old or older, the county treasurer or DOT may register the vehicle. However, as a condition of registration, and before issuing a certificate of title and registration receipt, the county treasurer or DOT must require the applicant to file a bond with the DOT.
Read the full explanation
The bond must be accompanied by the deposit of cash with the DOT or also executed by a person authorized to conduct a surety business in Iowa. This bill requires a person applying for registration and certificate of title for such a vehicle to first receive approval by the DOT and, depending on the DOT’s determination on the value and age of the vehicle, the applicant may not be required to file a bond. If the DOT determines the value of the vehicle is $1,000 or less and the vehicle is model years old or older, the DOT must notify the applicant, and the DOT or county treasurer may issue a certificate of title and registration receipt. The applicant is required to apply for a certificate of title and registration within days of the DOT’s notification of determination. However, if the DOT determines the value of the vehicle is more than $1,000 or the vehicle is less than model years old, the applicant is required to file bond with the DOT in accordance with current law.
House subcommittee
Named January 10, 2024. On January 25, 2024 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
3 for · 0 against · 11 undecided · Who →
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90th General Assembly