Bills › 90th General Assembly
Where it is now
- Done: IntroducedJanuary 31, 2024
- Done: SubcommitteeJanuary 31, 2024
- Done: Senate committeeFebruary 14, 2024
- Skipped: Passes the SenateContinued as SF 2362
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2362 → Its progress continues under the new number. Go to SF 2362 What’s a funnel?
What’s in it
AI summary Companies that sell service contracts for cars or homes must provide a list of their contract forms instead of sending copies when they renew their licenses. These businesses must also pay a fee for each contract form they use and must notify the state if they make important changes to those forms. Additionally, companies are required to let customers cancel their contracts through methods like email, phone, or mail.1
Read the official explanation
_____ 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. 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.
Senate subcommittee
Named January 31, 2024. On February 7, 2024 it recommended amendment and passage. [].
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
1 for · 0 against · 6 undecided · Who →
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90th General Assembly