IA HF2485

Licensed motor vehicle dealers are deemed to have acquired right, title, and interest in a vehicle if the certificate of title is issued or assigned to an entity with direct ownership or control over the dealer.

Dealers must store all records at their place of business or at a U.S. location of an entity with direct ownership or control over them, and must provide electronic records to the department within 24 hours of a request.

For remote vehicle sales, dealers or their controlling entities must possess the certificate of title at the time of sale, which may be in electronic format through a department-approved secure system but not as PDFs, scanned copies, or dealer-created formats.

Dealers conducting remote sales must disclose to buyers whether the vehicle is located out of state, whether the title is electronic, and the estimated delivery date.

Remote vehicle sales are explicitly excluded from door-to-door sale regulations under chapter 555A.