Text: S05480 Text: S05482 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend the amendment, S-5162, to House File 2205, as
1 2 amended, passed, and reprinted by the House, as
1 3 follows:
1 4 #1. Page 1, by inserting after line 3 the
1 5 following:
1 6 "# . Page 4, by inserting before line 26 the
1 7 following:
1 8 "( ) An electronic transaction initiated at a
1 9 satellite terminal, as defined in section 527.2, or
1 10 the processing and routing of transaction data by a
1 11 central routing unit or a data processing center, each
1 12 as defined in section 527.2.""
1 13 #2. Page 1, by striking lines 4 through 7.
1 14 #3. Page 1, by inserting before line 8 the
1 15 following:
1 16 "# . Page 5, by striking lines 14 through 28 and
1 17 inserting the following:
1 18 "4. A choice of law provision, which is contained
1 19 in a computer information agreement that governs a
1 20 transaction subject to this chapter, that provides
1 21 that the contract is to be interpreted pursuant to the
1 22 laws of a state that has enacted the uniform computer
1 23 information transactions Act, as proposed by the
1 24 national conference of commissioners on uniform state
1 25 laws, or any substantially similar law, is voidable
1 26 and the agreement shall be interpreted pursuant to the
1 27 laws of this state if the party against whom
1 28 enforcement of the choice of law provision is sought
1 29 is a resident of this state or has its principal place
1 30 of business located in this state. For purposes of
1 31 this subsection, a "computer information agreement"
1 32 means an agreement that would be governed by the
1 33 uniform computer information transactions Act or
1 34 substantially similar law as enacted in the state
1 35 specified in the choice of laws provision if that
1 36 state's law were applied to the agreement."
1 37 # . Page 8, line 27, by striking the word
1 38 "Notwithstanding" and inserting the following: "In
1 39 addition to"."
1 40 #4. Page 2, line 8, by striking the word "sale.""
1 41 and inserting the following: "sale.
1 42 Sec. ___. ADVISORY COMMITTEE CREATED. An advisory
1 43 committee is created to study issues associated with
1 44 the electronic filing, recording, and indexing of
1 45 instruments affecting real property pursuant to
1 46 chapter 558, and the electronic use of real property
1 47 disclosures required pursuant to chapter 558A. The
1 48 advisory committee shall consider matters relating to
1 49 the facilitation of electronic filing, recording, and
1 50 indexing of instruments affecting real property. The
2 1 advisory committee may consider matters including, but
2 2 not limited to, access to electronic transactions,
2 3 reliability and security, storage of records, training
2 4 of public officials, conversion from a paper recording
2 5 system to an electronic system, and other issues as
2 6 are necessary and appropriate with respect to
2 7 establishing a statewide uniform electronic filing
2 8 system for real property transactions. The membership
2 9 of the advisory committee shall be appointed by the
2 10 legislative council and shall include, but is not
2 11 limited to, representatives of the Iowa county
2 12 recorders association, the Iowa state bar association,
2 13 the Iowa state association of counties, Iowa title
2 14 guaranty, the Iowa land title association, the Iowa
2 15 bankers association, the Iowa independent bankers
2 16 association, the Iowa association of realtors, the
2 17 Iowa mortgage bankers association, and the office of
2 18 the attorney general. The advisory committee shall
2 19 provide an initial written report, including any
2 20 recommendations, to the general assembly by no later
2 21 than January 20, 2001. Such report shall include a
2 22 recommendation for the initiation of a pilot program
2 23 for electronic land transfers, including a date
2 24 certain by which such program may be initiated and the
2 25 cost of such pilot program. The advisory committee
2 26 shall provide a written report to the general assembly
2 27 in January of each year subsequent to the commencement
2 28 of the pilot program including the results of the
2 29 pilot program; any additional recommendations; a
2 30 schedule for the implementation of a statewide uniform
2 31 electronic land transfer system, if appropriate; and
2 32 the costs associated with such implementation
2 33 including any identifiable ongoing costs and costs for
2 34 training associated with the system."
2 35 # . Page 17, by inserting after line 29 the
2 36 following:
2 37 "Sec. . REPEAL – EFFECTIVE DATE.
2 38 1. Section 554D.104, subsection 4, as enacted in
2 39 this Act, is amended by striking the subsection.
2 40 2. This section of this Act takes effect July 1,
2 41 2001.
2 42 Sec. . LEGISLATIVE INTENT. It is the intent of
2 43 the general assembly that the general assembly
2 44 consider the proposed uniform computer information
2 45 transactions Act, as adopted by the national
2 46 conference of commissioners on uniform state laws,
2 47 during the 2001 regular session.""
2 48 #5. By renumbering as necessary.
2 49
2 50
3 1
3 2 STEVE KING
3 3 JEFF LAMBERTI
3 4 HF 2205.312 78
3 5 mj/cf
Text: S05480 Text: S05482 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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