Iowa Admin. Code r. 761-405.7 - Designations
(1) The
following designations for a vehicle shall be used on Iowa titles and
registration receipts and will be carried forward to all subsequent Iowa titles
and registration receipts issued for the vehicle unless otherwise specified:
a.
REBUILT-IA. This
designation supersedes other designations. When a designation of "REBUILT-IA"
is required pursuant to rule
761-405.4 (321), it replaces any
other designation.
b.
Rebuilt together with a two-letter abbreviation of the name of a
foreign jurisdiction. When this designation is required pursuant to
subrule 405.5(2), it replaces any other designation except a "REBUILT-IA"
designation.
c.
Damage over
50 percent. The designation shall be used for applicable vehicle
transfers and Iowa title and registration issuances occurring prior to July 1,
2021.
d.
Damage over 70
percent. As required by Iowa Code section
321.69, a designation of "damage
over 70 percent" shall be used when the seller or the buyer indicates on the
damage disclosure statement that the person has knowledge that the motor
vehicle sustained damage for which the cost of the repair exceeded 70 percent
of the fair market value before the motor vehicle became damaged. This
designation replaces any other designation except "rebuilt."
e.
Flood, fire, vandalism or
theft. The most recent designation applies. Unless superseded by a
"REBUILT-IA," "rebuilt," "damage over 50 percent" or "damage over 70 percent"
designation, a designation of "flood," "fire," "vandalism" or "theft" shall be
used as specified in subrule 405.5(6) and supersedes a "lemon buy-back"
designation.
f.
Lemon
buy-back. Unless superseded by a "REBUILT-IA," "rebuilt," "damage over
50 percent," "damage over 70 percent," "flood," "fire," "vandalism" or "theft"
designation, a designation of "lemon buy-back" shall be used:
(1) When a certificate of title is issued to
a manufacturer of a motor vehicle pursuant to Iowa Code section
322G.12.
(2) When the prior certificate of title for a
motor vehicle is a foreign title indicating that the vehicle was returned to
the manufacturer pursuant to Iowa Code chapter 322G or a law of another state
similar to Iowa Code chapter 322G.
(2) An Iowa salvage title will be issued with
a designation of "salvage" unless a designation listed in subrule 405.7(1) is
required.
Notes
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