A bill for an act relating to licensing of service companies, motor vehicle service contracts, and residential service contracts, and providing civil penalties.

SF 2445 requires service companies selling motor vehicle or residential service contracts in Iowa to obtain and maintain a state license. It directly affects businesses offering these contracts, mandating they submit detailed applications including biographical affidavits for executives, pay a $500 license fee, and report ownership changes or disciplinary actions within 30 days. Key provisions include verifying executives' backgrounds through third parties, requiring clear disclosure of contract terms, and exempting "support services" (like marketing) from licensing while holding them accountable for compliance. The bill also establishes civil penalties for noncompliance and creates a dedicated oversight fund for administrative costs.