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House Journal: Page 1434: Tuesday, April 11, 1995

38   shall apply to all delinquent taxes included in a tax
39   sale certificate of purchase issued to a county.  Upon
40   assignment of a county-held tax sale certificate, this
41   section shall not apply to the assignee.
42     Sec. 20.  Section 446.31, unnumbered paragraph 1,
43   Code 1995, is amended to read as follows:
44     The certificate of purchase is assignable by
45   endorsement and entry in the county system in the
46   office of county treasurer of the county from which
47   the certificate was issued, and when the assignment is
48   so entered and the assignment transaction fee paid, it
49   shall vest in the assignee or legal representatives of
50   the assignee all the right and title of the assignor.

Page 6

 1   The statement in the treasurer's deed of the fact of
 2   the assignment is presumptive evidence of that fact.
 3   For each assignment transaction, the treasurer shall
 4   charge the assignee an assignment transaction fee of
 5   ten dollars to be deposited in the county general
 6   fund.  The assignment transaction fee shall not be
 7   added to the amount necessary to redeem.
 8     PARAGRAPH DIVIDED.  When the county acquires a
 9   certificate of purchase, the board of supervisors
10   county may assign the certificate for the total
amount
11   due as of the date of assignment or compromise the
12   total amount due and assign the certificate.  A
An
13   assignment or a compromise and assignment shall be by
14   written agreement.  A copy of the agreement shall be
15   filed with the treasurer.  For each assignment
16   transaction, the treasurer shall collect from the
17   assignee an assignment transaction fee of ten dollars
18   to be deposited in the county general fund.  The
19   assignment transaction fee shall not be added to the
20   amount necessary to redeem.  All money received from
21   the assignment of county-held certificates of
purchase
22   shall be apportioned to the tax-levying and certifying
23   bodies in proportion to their interests in the taxes
24   for which the parcel was sold with all interest, fees,
25   and costs deposited in the county general fund.  After
26   assignment of a certificate of purchase which is held
27   by the county, section 446.37 applies.  In that
28   instance, the three-year requirement shall be
29   calculated from the date of the assignment is
recorded
30   by the treasurer in the county system.  When the
31   assignment is entered and the assignment transaction
32   fee is paid, all of the rights and title of the
33   assignor shall vest in the assignee or the legal
34   representative of the assignee.  The statement in the
35   treasurer's deed of the fact of the assignment is
36   presumptive evidence of that fact.
37     Sec. 21.  Section 447.9, unnumbered paragraph 2,
38   Code 1995, is amended to read as follows:
39     Service of the notice shall also be made by mail on
40   any mortgagee having a lien upon the parcel, a vendor
41   of the parcel under a recorded contract of sale, a

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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