The bill amends various sections of Iowa's Code to facilitate remote sales of motor vehicles. It introduces a new subparagraph in Section 321.45, allowing individuals who purchase vehicles via remote sales to be recognized under the law. Additionally, it modifies Section 321.67 to clarify that, except for specific provisions, no person may sell or dispose of a registered vehicle without delivering a certificate of title to the purchaser. The bill also updates Section 322.3 to remove the requirement that remote sales must occur at the seller's licensed location and allows dealers to possess electronic copies of vehicle titles during remote sales.

Furthermore, the bill eliminates a restriction that prevented dealers from signing a proposed purchase agreement until they received an executed agreement from the buyer. It establishes that a buyer acquires rights and interests in a motor vehicle at the time of delivery, while the seller must provide the certificate of title within thirty days after the vehicle's delivery. These changes aim to streamline the process of remote vehicle sales and clarify the rights of both buyers and sellers in such transactions.

Statutes affected:
Introduced: 321.45, 322.3, 321.23