New Vehicle Damage Disclosure
Iowa law regarding new vehicle damage disclosure notices changed on July 1, 2014. The threshold for disclosing damage on a new vehicle is now 4% of MSRP. Here’s what you need to know to comply with the law: …
Air Bag Disclosures
Under Iowa law, sellers are required to disclose in writing if an air bag has been removed and not replaced or is inoperable. The disclosure may be made on the car purchase order or IADA Printing & Promotions …
Hail Damage Disclosure
The standard for disclosure of damage to a new vehicle in Iowa is 4% of MSRP. However, for hail, it is always a good idea to disclose the damage whether it’s on a new or used vehicle, whether it’s …
Damage Disclosure Statement
When is a damage disclosure statement required? Iowa Code Section 321.69 requires the seller of a motor vehicle to give the buyer a damage disclosure statement. The statement is required when the vehicle has a gross vehicle weight rating …
Diminished Values
Whether an insurance company must pay for diminished value on a vehicle that results from having a damage disclosure depends on whether it is a first-party or third party claim. If a vehicle owner is making a claim …