Iowa Code 321F.5 – Denial or suspension of license
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 321F.5
- Business: means the business of leasing motor vehicles for use by others for compensation. See Iowa Code 321F.1
- Director: means the director of transportation or the director's designee. See Iowa Code 321F.1
- Lease: means a written agreement providing for the leasing of a motor vehicle for a period of more than sixty days. See Iowa Code 321F.1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lessor: means a person who holds the title to a motor vehicle leased to a lessee under a written lease agreement or who holds the lessor's rights under the agreement. See Iowa Code 322G.2
- Licensee: means a person licensed under the provisions of this chapter to engage in business. See Iowa Code 321F.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- year: means twelve consecutive months. See Iowa Code 4.1
A license shall be denied if the applicant has engaged in business in this state within one year prior to the date of application without first having obtained a license as provided in this chapter, or has violated any rules and regulations of the director adopted for the administration of this chapter.
The license of any licensee who shall have violated any provision of this chapter or any rules and regulations of the director adopted for the administration of this chapter shall be suspended and such license shall not be renewed nor shall a new license be issued to such licensee within one year after the date of suspension of the license; provided that the suspension of a license shall not invalidate any lease entered into by lessor prior to suspension and the parties to the lease shall have the authority and remain liable to perform their respective obligations under such leases.