Iowa Admin. Code r. 761-400.40 - Odometer statement
(1) Pursuant to Iowa Code section 321.71 and
49 U.S.C. Section 32705, an odometer disclosure statement shall be submitted
with an application for certificate of title for a motor vehicle unless the
motor vehicle is exempt. The statement shall provide a current odometer reading
and reflect whether the mileage is "actual," "not actual" or "exceeds
mechanical limits."
(2) If the
transferor failed to provide an odometer disclosure statement or if the
transferee lost the statement, and the transferee has attempted in good faith
to contact the transferor to obtain a statement, the transferee may file a
sworn statement of these facts on a form prescribed by the department. The
sworn statement will be accepted by the county treasurer or the department in
lieu of the required odometer disclosure statement. The subsequent title issued
from the sworn statement will record "not actual" mileage.
(3) As required by 49 CFR Section 580.17 in
effect as of October 1, 2024, for vehicle transfers that occur through December
31, 2030, any vehicle that is model year 2011 or newer shall require an
odometer disclosure statement. For vehicle transfers that occur on or after
January 1, 2031, the model year formula for odometer disclosure statements is
the current year minus 20. The resulting number represents the first model year
for which a motor vehicle is exempt from the odometer statement requirements
incident to a transfer.
This rule is intended to implement Iowa Code section 321.71.
Notes
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(1) Conversion to real property. When a manufactured or mobile home is converted to real property under Iowa Code section 435.26, the process shall be as follows:
a. If a security interest is noted on the title and the secured party is given a mortgage for the land on which the home is located, the assessor shall collect the certificate of title as provided in rule 701-74.5 (435).
b. If a security interest is noted on the title and the secured party is not given a mortgage for the land on which the home is located, the secured party shall retain the certificate of title as provided in Iowa Code section 435.26. At the time the security interest is released, the secured party may surrender the certificate of title to the county treasurer, who shall cancel the title as converted to real estate and destroy the title.
c. If there is no security interest noted on the title, the owner shall surrender the certificate of title to the assessor. The assessor shall note the conversion on the face of the certificate of title above the assessor's signature , date the notation and deliver the title to the county treasurer. The county treasurer shall note the conversion on the vehicle record and then cancel the title as converted to real estate and destroy the certificate of title .
d. If the assessor identifies in the county records a security interest no longer exists that would prevent the title to the home and the title to the land to merge under Iowa Code section 435.26 and the county treasurer verifies there is no lien on the certificate of title , the title to the home and the title to the land shall merge, and the county treasurer shall cancel the title as converted to real estate and destroy the certificate of title .
(2) Reconversion from real property.
a. When a manufactured or mobile home is reconverted from real property by adding a vehicular frame, the owner may apply to the county treasurer for a certificate of title .
b. The owner shall submit a record of existing liens obtained from a local abstracter. The record shall identify the owner of the property, list all liens and encumbrances against the property, and shall be signed by the abstracter.
c. The owner shall also submit written consent to the reconversion from any person holding a mortgage on the real property (mortgagee). An existing mortgage shall be noted as a security interest on the certificate of title .
d. The county treasurer shall submit written notice of the reconversion to the county assessor's office.
(3) Affidavit for surrender of certificate of title .
a. As provided in Iowa Code section 435.26B, an owner may effectuate a surrender of the certificate of title by recording with the county recorder Form 411186 if all of the following requirements are met:
(1) There is no record that a certificate of title has been issued or surrendered for a manufactured or mobile home that is located outside a manufactured home community or mobile home park.
(2) The manufactured home or mobile home has been converted to real estate by being placed on a permanent foundation.
(3) The manufactured or mobile home is entered on the tax rolls.
b. The fee for the duties performed by the department pursuant to Iowa Code section 435.26B(1) "i"(2) shall be $5.
This rule is intended to implement Iowa Code sections 321.1, 435.1, 435.26, 435.26A, 435.26B and 435.27.