Iowa Code 322.17 – Copy of contract to buyer
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 322.17
- buyer: means a person who buys a motor vehicle from a retail seller. See Iowa Code 322.2
- Contract: A legal written agreement that becomes binding when signed.
- contract: means an agreement, entered into in this state, pursuant to which the title to, the property in or a lien upon the motor vehicle, which is the subject matter of a retail installment transaction, is retained or taken by a retail seller from a retail buyer as security, in whole or in part, for the buyer's obligation. See Iowa Code 322.2
A copy of every retail installment contract shall be furnished to the buyer at the time of the execution of the contract. An acknowledgment by the buyer contained in the body of the retail installment contract of the delivery of a copy thereof shall be conclusive proof of delivery in any action or proceeding by or against any assignee of a retail installment contract.