The Iowa Fair Repair for Farm Implements Act establishes new regulations for original farm equipment manufacturers regarding the repair of digital electronic equipment in farm implements. The bill mandates that manufacturers must provide diagnostic and repair information, as well as diagnostic repair tools, to independent repair providers and individuals with a legal interest in the equipment. This information must be made available at fair and reasonable terms, ensuring that independent providers can access the necessary resources to perform repairs. The bill also clarifies that manufacturers are not obligated to supply replacement parts that are no longer available and are not required to disclose trade secrets or alter existing warranty agreements.

Enforcement of the provisions falls under the jurisdiction of the attorney general, who is tasked with adopting necessary rules and ensuring compliance. Violations of the act by manufacturers are classified as unfair or deceptive trade practices, allowing the attorney general to pursue civil actions, including seeking penalties of up to $40,000 per violation. Additionally, any consumer agreements that attempt to waive rights established by this act are deemed void, reinforcing the protections afforded to consumers and independent repair providers under the new law.