Iowa Admin. Code r. 761-405.10

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 761-405.10 - Designations

(1) The following designations for a vehicle shall be used on Iowa titles and registrations receipts and shall be carried forward to all subsequent Iowa titles and registration receipts issued for the vehicle, unless otherwise specified:

a. "REBUILT-IA." This designation supersedes other designations. When a designation of "REBUILT-IA" is required pursuant to rule 761-405.7 (321), it replaces any other designation.

b. Rebuilt together with a two-letter abbreviation of the name of a foreign jurisdiction. When this designation is required pursuant to subrule 405.8(2), it replaces any other designation except a "REBUILT-IA" designation.

c. Damage over 50 percent. The designation shall be used for applicable vehicle transfers occurring prior to July 1, 2021, and shall be carried forward for applicable vehicle transfers occurring prior to July 1, 2021.

d. Damage over 70 percent. As required by Iowa Code section 321.69, a designation of "damage over 70 percent" shall be used when the seller or the buyer indicates on the damage disclosure statement that the person has knowledge that the motor vehicle sustained damage for which the cost of the repair exceeded 70 percent of the fair market value before the motor vehicle became damaged. This designation replaces any other designation except "rebuilt."

e. Flood, fire, vandalism or theft. The most recent designation applies. Unless superseded by a "REBUILT-IA," "rebuilt," "damage over 50 percent" or "damage over 70 percent" designation, a designation of "flood," "fire," "vandalism" or "theft" shall be used as specified in subrule 405.8(6) and supersedes a "lemon buy-back" designation.

f. Lemon buy-back. Unless superseded by a "REBUILT-IA," "rebuilt," "damage over 50 percent," "damage over 70 percent," "flood," "fire," "vandalism" or "theft" designation, a designation of "lemon buy-back" shall be used:

(1) When a certificate of title is issued to a manufacturer of a motor vehicle pursuant to Iowa Code section 322G.12.

(2) When the prior certificate of title for a motor vehicle is a foreign title indicating that the vehicle was returned to the manufacturer pursuant to Iowa Code chapter 322G or a law of another state similar to Iowa Code chapter 322G.

(2) An Iowa salvage title will be issued with a designation of "salvage" unless a designation listed in subrule 405.10(1) is required.

Iowa Admin. Code r. 761-405.10

Amended by IAB March 9, 2022/Volume XLIV, Number 18, effective 4/13/2022