322.19A Documentary fee.
1. For purposes of this section, “documentary fee” means a fee that may be charged to a customer by a motor vehicle dealer for the preparation of documents related to an application for motor vehicle registration and an application for issuance of a certificate of title, and the performance of other related services for the customer. “Documentary fee” does not include any costs or fees charged to a motor vehicle dealer or a dealer’s customer by a third party.
2. A motor vehicle dealer may charge a documentary fee not to exceed one hundred eighty dollars for each motor vehicle sold in a transaction.
3. A motor vehicle dealer who charges a documentary fee to a customer shall include the fee in the price of the motor vehicle. The dealer shall disclose the full amount of the fee in any price of a motor vehicle advertised by the dealer and when making or accepting an offer to sell a motor vehicle. The dealer shall provide the following notice to the customer, which notice shall be clearly and conspicuously disclosed in any motor vehicle purchase agreement with the customer:
DOCUMENTARY FEE. A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE. A DOCUMENTARY FEE IS NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO A BUYER FOR THE PREPARATION OF DOCUMENTS AND THE PERFORMANCE OF RELATED SERVICES. THE MAXIMUM AMOUNT THAT MAY BE CHARGED FOR A DOCUMENTARY FEE IS DETERMINED BY IOWA CODE SECTION 322.19A. THIS NOTICE IS REQUIRED BY LAW.
4. A violation of this section is an unlawful practice under section 714.16.
2016 Acts, ch 1083, §8; 2021 Acts, ch 38, §4
Subsection 3 stricken and former subsections 4 and 5 renumbered as 3 and 4
Structure Iowa Code
Chapter 322 - MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS, WHOLESALERS, AND DEALERS
Section 322.1 - Administration.
Section 322.3 - Prohibited acts.
Section 322.4 - Application for license.
Section 322.5 - License fees — temporary permits.
Section 322.6 - Denial of license.
Section 322.7 - License of motor vehicle dealer.
Section 322.7A - Used motor vehicle dealer education program.
Section 322.7B - Consignment sales of motor trucks.
Section 322.8 - Supplemental statements.
Section 322.9 - Revocation or suspension of license.
Section 322.10 - Judicial review.
Section 322.12 - Disposition of fees.
Section 322.15 - Construction of chapter.
Section 322.17 - Copy of contract to buyer.
Section 322.18 - Dual-interest insurance.
Section 322.19 - Finance charges — amount.
Section 322.19A - Documentary fee.
Section 322.20 - Extension of time.
Section 322.21 - Remaining balance on trade vehicle.
Section 322.24 - Hearing — subpoenas.
Section 322.27 - Manufacturer’s license.
Section 322.27A - Wholesaler’s license.
Section 322.28 - Distributor or wholesaler’s license.
Section 322.29 - Issuance of license — fees.
Section 322.31 - Denial of license.
Section 322.32 - Construction of applicability to contracts.
Section 322.33 - Applicability of the Iowa consumer credit code.
Section 322.35 - Disclosure of manufacturer’s suggested price for certain motor vehicles — penalty.
Section 322.36 - Motorcycle and autocycle dealer business hours.