Loading chat...

IA HF2714

Bill

Official Source

Status

Introduced

2/24/2026

Primary Sponsor

Commerce

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Requires licensing for any person issuing, offering, or selling motor vehicle service contracts or residential service contracts in Iowa
  • Mandates service companies maintain licenses for the entire duration they are contractually obligated to service contract holders
  • Requires service companies to report material changes to license information within 30 calendar days, including changes to contact information, ownership, or officers/directors
  • Requires reporting of administrative actions taken against the service company in other jurisdictions within 30 days of final disposition
  • Adds new definitions including "gross consideration," "service contract holder," "substitute part," and "support services" to clarify regulatory scope

Legislative Description

A bill for an act relating to licensing of service companies, motor vehicle service contracts, and residential service contracts, and providing civil penalties.(Formerly HSB 517.)

Last Action

Subcommittee recommends passage.

3/11/2026

Committee Referrals

Ways and Means2/24/2026

Full Bill Text

No bill text available