As used in this chapter and unless a different meaning appears from the context:
 1. “Authorized vehicle recycler” means a person licensed to operate as a vehicle rebuilder, used vehicle parts dealer or vehicle salvager.

Terms Used In Iowa Code 321H.2

  • Authorized vehicle recycler: means a person licensed to operate as a vehicle rebuilder, used vehicle parts dealer or vehicle salvager. See Iowa Code 321H.2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the state department of transportation. See Iowa Code 321H.2
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes any individual, firm, corporation, partnership, joint adventure, or association, and the plural as well as the singular number. See Iowa Code 321H.2
  • Selling: includes bartering, exchanging, or otherwise dealing in. See Iowa Code 321H.2
  • 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
  • United States: includes all the states. See Iowa Code 4.1
  • Used vehicle parts dealer: means a person engaged in, or advertising as being engaged in, the business of selling bodies, parts of bodies, frames, or component parts of used vehicles subject to registration. See Iowa Code 321H.2
  • Vehicle: means any vehicle as defined in chapter 321. See Iowa Code 321H.2
  • Vehicle rebuilder: means a person engaged in, or advertising as being engaged in, the business of rebuilding or restoring to operating condition vehicles subject to registration which have been damaged or wrecked. See Iowa Code 321H.2
  • Vehicle salvager: means a person engaged in, or advertising as being engaged in, the business of scrapping, recycling, dismantling, or storing wrecked or damaged vehicles or selling reusable parts of vehicles or storing vehicles not currently registered which vehicles are vehicles subject to registration. See Iowa Code 321H.2
 2. “Department” means the state department of transportation.
 3. “Extension” means a place of business of an authorized vehicle recycler other than the principal place of business within the county of the principal place of business.
 4. “National motor vehicle title information system” means the federally mandated motor vehicle title history database established pursuant to 49 U.S.C. §30502 and maintained by the United States department of justice that links the states’ motor vehicle title records, including the department’s title records, and that requires the reporting of junk and salvage motor vehicles in order to ensure that states, law enforcement agencies, insurers, and consumers have access to information that enables the verification of a vehicle’s history, and the accuracy and legality of a motor vehicle’s title, before a purchase or title transfer occurs.
 5. “Person” includes any individual, firm, corporation, partnership, joint adventure, or association, and the plural as well as the singular number.
 6. “Selling” includes bartering, exchanging, or otherwise dealing in.
 7. “Used vehicle parts dealer” means a person engaged in, or advertising as being engaged in, the business of selling bodies, parts of bodies, frames, or component parts of used vehicles subject to registration.
 8. “Vehicle” means any vehicle as defined in chapter 321.
 9. “Vehicle rebuilder” means a person engaged in, or advertising as being engaged in, the business of rebuilding or restoring to operating condition vehicles subject to registration which have been damaged or wrecked.
 10. “Vehicle salvager” means a person engaged in, or advertising as being engaged in, the business of scrapping, recycling, dismantling, or storing wrecked or damaged vehicles or selling reusable parts of vehicles or storing vehicles not currently registered which vehicles are vehicles subject to registration.
 11. “Vehicle subject to registration” means any vehicle that is of a type required to be registered under chapter 321 when operated on a public highway, including but not limited to a vehicle that is inoperable, salvage, or rebuilt.
 12. “Wrecked or salvage vehicle” means a damaged vehicle for which the cost of repair exceeds fifty percent of the fair market value of the vehicle before it became damaged.