The Federal Trade Commission’s rule which requires the posting of a Used Car Buyers Guide in every used vehicle is the starting point and a primary focus of every Iowa DOT dealer audit. Simply posting the guide in …
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: …
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 …
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 …
When is it a lemon? Here are some important general points about the Iowa Lemon Law: All 50 states have lemon laws, but the requirements and the title branding aspects differ between states. Iowa’s lemon law applies to …
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 …
The Consumer Protection Division of the attorney general’s office receives numerous complaints from consumers concerning the failure of dealers to refund deposits made on the purchase of new cars. IADA recommends that a dealer refund the deposit if …
Many car buyers think that they have three days to cancel a deal. For the ordinary sale made at the dealership, this is not true. Iowa law gives the three-day right of cancellation only to consumers who buy …
Q: What is a documentary fee? A: According to Iowa law, a documentary fee is “A fee that may be charged to a customer by a motor vehicle dealer for the preparation of documents related to an application …
Frequently Asked Questions Does this really apply to us? Yes. You can only make calls to current customers and to prospects who have made an inquiry. If you are going to make other telemarketing calls, you must register …
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 …