A bill for an act relating to the acquisition of certain vehicles by a vehicle recycler, and making penalties applicable.

HF 357 requires licensed vehicle recyclers in Iowa to verify there are no liens on a vehicle before purchasing it for scrap or junk. It applies to vehicles 12 model years or older sold for under $1,000. The bill adds a new requirement that recyclers must confirm no lienholder has a security interest in the vehicle, which was not previously mandated. Violating this rule is a simple misdemeanor punishable by a $135 fine.