Iowa Admin. Code r. 761-405.3 - Salvage title

(1) Face of title. Except for vehicles with a gross vehicle weight rating of 30,000 pounds or more, the word "SALVAGE" is to be printed on the face of an Iowa salvage title.

(2) Assignment. A salvage title may be assigned only as provided in Iowa Code section 321.52(4). Except as provided in subrule 405.3(3), the transferee to whom a salvage title is assigned shall, within 30 days after the date of assignment, apply for a new Iowa salvage title, a regular title or an Iowa junking certificate.

(3) Reassignment. If a vacant reassignment space is available on the salvage title, a licensed new motor vehicle dealer or an authorized vehicle recycler may reassign the salvage title, and the dealer or recycler is not required to obtain a new Iowa salvage title. If all reassignment spaces on a salvage title assigned to the dealer or recycler have been used, the dealer or recycler is required to obtain a new Iowa salvage title in accordance with subrule 405.3(2). The words "ONLY NEW MOTOR VEHICLE DEALERS OR RECYCLERS MAY REASSIGN THIS TITLE" are to be printed on the dealer reassignment portion of Iowa salvage titles.

(4) Registration fees.

a. An Iowa salvage title may be obtained without payment of the current registration fees or any delinquent registration fees or registration penalties. If the registration fees are delinquent at the time an Iowa salvage title is issued, no additional penalties accrue after issuance.

b. Any registration fees or registration penalties due at the time of issuance of an Iowa salvage title, together with the current registration fees if not already paid, are to be paid upon issuance of a regular title. However, a dealer is not required to pay current registration fees to obtain a regular title for a vehicle held for resale or trade. See rule 761-400.27 (321,322) for any exceptions.

c. Notwithstanding any provision of this chapter to the contrary, an Iowa salvage title obtained by an insurer pursuant to the provisions under Iowa Code section 321.52(4) will be issued free and clear of all liens and claims of ownership, including any outstanding registration fees or registration penalties.

(5) Plates. Registration plates shall not be assigned when an Iowa salvage title is issued.

(6) Application. Application for an Iowa salvage title shall be made within 30 days after the date of assignment to the transferee.

Notes

Iowa Admin. Code r. 761-405.3

ARC 9048B, IAB 9/8/10, effective 10/13/10 Amended by IAB September 12, 2018/Volume XLI, Number 6, effective 10/17/2018 Adopted by IAB March 19, 2025/Volume XLVII, Number 19, effective 4/23/2025