A bill for an act relating to motor vehicle dealers, including rights to certain vehicles, records storage requirements, and remote sales of motor vehicles.

SF 2408 (Iowa) updates rules for motor vehicle dealers, primarily affecting those selling vehicles remotely. The bill clarifies that dealers are deemed to have title rights to vehicles if their controlling entity holds the title, requires dealers to store all records (electronically or physically) at their business or a controlled entity's U.S. location, and mandates electronic records be provided to Iowa's DOT within 24 hours of a request. For remote sales, dealers must disclose vehicle location, title format, and delivery dates to buyers, provide electronic title proof upon DOT request, and use approved electronic signatures for odometer disclosures. The bill also specifies remote sales are not subject to door-to-door sales regulations (Chapter 555A) and aligns with federal electronic signature standards.