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

SF 292 amends Iowa law to require vehicle recyclers to verify there is no outstanding lien on vehicles 12 model years or older acquired for scrap or junk at under $1,000. This affects vehicle recyclers licensed under Chapter 321H and owners disposing of older vehicles without a title. The key provision adds a mandatory verification step before recyclers can accept such vehicles, ensuring no lienholder has a security interest. Violating this requirement would be a simple misdemeanor punishable by a $135 fine. The bill does not change the existing $1,000 price threshold or the 12-year age requirement for disposal without a title.