Iowa § 321F.9 Option to purchase — dealer’s license

Iowa Statutes

§ 321F.9 — Option to purchase — dealer’s license

Iowa § 321F.9

Title VIIITRANSPORTATION

Ch. 321FLEASING AND RENTING OF VEHICLES

This text of Iowa § 321F.9 (Option to purchase — dealer’s license) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 321F.9 (2026).

Text

Any person engaged in business in this state shall not enter into any agreement for the
use of a motor vehicle under the terms of which that person grants to another an option
to purchase the motor vehicle without first having obtained a motor vehicle dealer’s license
undertheprovisionsofchapter322,andallsalesofmotorvehiclesundersuchoptionsshallbe
subject to sales or use taxes imposed under the provisions of chapter 423. Nothing contained
in this section shall require such person to have a place of business as provided by section
322.6, subsection 1, paragraph “h”.

Free access — add to your briefcase to read the full text and ask questions with AI

Any person engaged in business in this state shall not enter into any agreement for the
use of a motor vehicle under the terms of which that person grants to another an option
to purchase the motor vehicle without first having obtained a motor vehicle dealer’s license
undertheprovisionsofchapter322,andallsalesofmotorvehiclesundersuchoptionsshallbe
subject to sales or use taxes imposed under the provisions of chapter 423. Nothing contained
in this section shall require such person to have a place of business as provided by section
322.6, subsection 1, paragraph “h”.