Bills › 90th General Assembly
Relating to residential and motor vehicle service contracts and licenses
Sponsored by the Senate Commerce Committee
Topics:Business & economy
Where it is now
- Done: IntroducedFebruary 15, 2024
- Skipped: SubcommitteeSkipped
- Done: Senate committeeFebruary 15, 2024
- Done: Passes the SenateMarch 4, 202446–0
- Done: House committeeMarch 14, 2024
- Done: Passes the HouseMarch 27, 202497–0
- Done: To the GovernorApril 18, 2024
- Done: Signed into lawApril 19, 2024
Signed into law What’s a funnel?
What’s in it
This bill relates to residential and motor vehicle service contracts and licenses. Under current law, an application for renewal of a service company license requires a copy of each motor vehicle service contract form and each residential service contract form to be used or issued in this state, if applicable. Under the bill, an application for renewal of a service company license requires a list of each service contract form the service company continues to use and issue in the state, including the service contract form name, number, and the date the form was last revised.
Read the full explanation
Current law requires an application for renewal of a service company license be accompanied by a fee in the amount of $35 for each motor vehicle service contract form submitted with the renewal application. The bill requires an application for renewal of a service company license be accompanied by a fee in the amount of $35 for each new motor vehicle service contract form filed with the commissioner since the license was last issued, and for each motor vehicle service contract form the service company continues to use and issue in the state. Under the bill, a service contract shall not be issued, sold, or offered for sale in the state unless the service company files the service contract form with the commissioner. A service company shall notify the commissioner of any material changes to a service contract form that has been filed prior to using the service contract. The bill requires a service company that issues, sells, or offers for sale a service contract in the state to accept cancellations of a service contract from a contract holder by telephone, electronic mail, mail, or any other cost-effective and accessible method of communication.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed
House subcommittee
Named March 6, 2024. On March 12, 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
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 0 against · 3 undecided · Who →