Iowa Admin. Code r. 761-425.3
The following definitions, in addition to those found in Iowa Code sections 322.2 and 322C.2, apply to this chapter of rules:
"Certificate of title " means a document issued by the appropriate official which contains a statement of the owner's title, the name and address of the owner, a description of the vehicle, a statement of all security interests, and additional information required under the laws or rules of the jurisdiction in which the document was issued, and which is recognized as a matter of law as a document evidencing ownership of the vehicle described. The terms "title certificate," "title only" and "title" shall be synonymous with the term "certificate of title."
"Consumer use" means use of a motor vehicle or towable recreational vehicle for business or pleasure, not for sale at retail, by a person who has obtained a certificate of title and has registered the vehicle under Iowa Code chapter 321.
"Dealer, " unless otherwise specified, means a person who is licensed to engage in this state in the business of selling motor vehicles or towable recreational vehicles at retail under Iowa Code chapter 322 or 322C.
"Engage in this state in the business " or similar wording means doing any of the following acts for the purpose of selling motor vehicles or towable recreational vehicles at retail: to acquire, sell, exchange, hold, offer, display, broker, accept on consignment or conduct a retail auction, advertise as being engaged in any of those acts, or to act as an agent for the purpose of doing any of those acts. A person selling at retail more than six motor vehicles or six towable recreational vehicles during a 12-month period may be presumed to be engaged in the business. See rule 761-425.20 (322) for provisions regarding fleet sales and retail auction sales.
"Manufacturer's certificate of origin " means a certification signed by the manufacturer, distributor or importer that the vehicle described has been transferred to the person or dealer named, and that the transfer is the first transfer of the vehicle in ordinary trade and commerce. The terms "manufacturer's statement," "importer's statement or certificate," "MSO" and "MCO" shall be synonymous with the term "manufacturer's certificate of origin." See rule 761-400.1 (321) for more information.
"Principal place of business" means a building actually occupied where the public and the department may contact the owner or operator during regular business hours. In lieu of a building, a towable recreational vehicle dealer may use a manufactured or mobile home as an office if taxes are current or a towable recreational vehicle as an office if registration fees are current. The principal place of business must be located in this state.
"Registered dealer" means a dealer licensed under Iowa Code chapter 322 or 322C who possesses a current dealer certificate under Iowa Code section 321.59.
"Regular business hours " means to be consistently open to the public on a weekly basis at hours reported to the vehicle and motor carrier services bureau. Except as provided in Iowa Code section 322.36, regular business hours for a motor vehicle or towable recreational vehicle dealer shall include a minimum of 32 posted hours between 7 a.m. and 9 p.m., Monday through Friday.
"Salesperson " means a person employed by a motor vehicle or towable recreational vehicle dealer for the purpose of buying or selling vehicles.
"Vehicle, " unless otherwise specified, means a motor vehicle or towable recreational vehicle.
"Wholesaler" means a person who sells new vehicles to dealers and not at retail.
This rule is intended to implement Iowa Code chapters 322 and 322C.
Iowa Admin. Code r. 761-425.3