SSB 1020

Where it is now

1. ✓
   Done: IntroducedJanuary 10, 2023
2. ✓
   Done: SubcommitteeJanuary 11, 2023
3. ✓
   Done: Senate committeeJanuary 25, 2023
4. –
   Skipped: Passes the SenateContinued as SF 131
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Became SF 131 → Its progress continues under the new number. Go to SF 131 What’s a funnel?

What’s in it

This bill relates to motor vehicle debt cancellation coverage refunds. The bill provides that the only obligation that a financial institution which purchases retail installment contracts with voluntary debt cancellation coverage has upon prepayment in full is to notify the relevant motor vehicle dealer within days of a payment in full of an installment contract. The dealer shall determine whether the consumer is entitled to a refund of voluntary debt cancellation coverage and issue the refund within days of notice.

Full bill text · What changed before it passed¹

Senate subcommittee

Named January 11, 2023. On January 17, 2023 it recommended passage. [].

• Sen. Mike Klimesh REmail
• Sen. Kerry Gruenhagen REmail
• Sen. Izaah Knox DEmail

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

Amends§537.2510

How the Code works²

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