50 States in 50* Days - Iowa Athlete Agent Regulation

Iowa has taken the next step in becoming the latest state to adopt the Uniform Athlete Agent Act. Last week, the Iowa Legislature passed the Iowa Uniform Athlete Agent Act, which replaces the current Iowa regulations governing athlete agents. On March 23, SF199 passed out of the House of Representatives on a 98-0 vote and now heads to Governor Chester Culver for a signature.

Until then, the current athlete agent law remains in effect. Here is the current registration form and law in one tidy pdf package. As you can see here, there wasn't a rush to register as an athlete agent in Iowa in the recent past. Of the many reasons that explain why this is so may be the requirements that:

1. ALL nonresident applicants must file with their application and consent, an agreement with an athlete agent who is a resident of Iowa. The agreement must meet the requirements of Iowa Code Chapter 9A, section 4.
2. Nonresident applicants who are CORPORATIONS must also:
a) include a copy of the resolution of the corporation authorizing consent to service of process, and b) possess a Certificate of Authority to Transact Business in Iowa, issued by the Secretary of State pursuant to Iowa Code chapter 490, prior to applying for a Certificate of Registration as an Athlete Agent. The Secretary of State will supply the copy of the applicant's Cerificate of Authority, as required of the applicant by Iowa Code Chapter 9A, if the Certificate of
Authority has been obtained prior to the date the application for Certificate of Registration is received. Applications cannot be processed for nonresident corporations who do not possess a Certificate of Authority to Transact Business in Iowa.

Think that had anything to do with the fact that no one was registered? We'll see because the Uniform Athlete Agent Act adopted by the Legislature repeals those sections.

Also repealed are the sections under current law requiring athlete agents to have on file with the secretary of state a surety bond in the sum of $25,000.

The current filing fee is $300 for the one-year registration. No indication yet on whether that will change under the new laws.