§ 322.8 — Supplemental statements

Iowa § 322.8

• Jurisdiction: Iowa
• Title VIII: TRANSPORTATION
• Ch. 322: MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS, WHOLESALERS, AND DEALERS

Text

1. Each motor vehicle dealer licensee shall promptly file with the department from
time to time during the period of the license, statements supplemental to the statements
contained in the application for license whenever any change shall occur in the licensee’s
personnel or in the licensee’s plan or method of doing business or in the location of the
place or places of business, so that the statements made in the application do, after such
change, properly disclose the licensee’s status and method and plan of doing business. The
supplemental statement shall be in the form prescribed by the department and shall disclose
such information as would have been required by this chapter if such changes had occurred
prior to the licensee making application for a license.
2. A supplemental statement shall include any change in the licensee’s financial liability
coverage.
3. If the department finds that the changes set forth in the supplemental statement do
not violate the provisions of this chapter and it grants to the licensee the privilege of doing
business in the manner set forth therein, it shall upon surrender to it of the license of the
motor vehicle dealer, issue to the dealer a new license appropriate to the dealer’s original
application as modified by such supplemental statement.

Legislative History

[C39, §5039.08; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §322.8]