IA SF468

Reduces the deadline for police or private entities to send certified mail notice to owners, lienholders, and claimants of abandoned vehicles from 20 days to 10 days after taking custody

Extends the reclamation period for owners to reclaim abandoned vehicles and personal property from 10 days to 20 days after notice is sent

Allows vehicle owners to reclaim unattached personal property from inside an abandoned vehicle by paying a $100 fee and providing a list of items, or by paying $100 for five minutes on-site to retrieve belongings

Permits lienholders and insurance companies to request vehicle condition information for a $100 fee, with the custodial entity required to provide photos or allow inspection before the 20-day reclamation period expires

Requires private entities that sell abandoned vehicles at auction without proper lienholder notice to pay lienholders from auction proceeds before using funds for other purposes, and requires custodial entities to provide itemized fee accounts upon vehicle reclamation