Text: S03021 Text: S03023 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 134 as follows:
1 2 #1. Page 2, by striking lines 6 through 8 and
1 3 inserting the following: "midnight on the last day of
1 4 the registration year. A person shall not be
1 5 penalized for driving a motor vehicle with an expired
1 6 registration for a period of one month following the
1 7 expiration date of the vehicle registration. The one-
1 8 month period shall be the same as the period defined
1 9 in section 321.134, subsection 1."
1 10 #2. Page 5, by inserting after line 10, the
1 11 following:
1 12 "Sec. 100. NEW SECTION. 435.26A SURRENDER OF
1 13 TITLE.
1 14 1. A person who owns a manufactured home that is
1 15 located in a manufactured home community and is
1 16 installed on a permanent foundation may surrender the
1 17 manufactured home's certificate of title to the county
1 18 treasurer for the purpose of assuring eligibility for
1 19 funds available from mortgage lending programs
1 20 sponsored by the federal national mortgage
1 21 association, the federal home loan mortgage
1 22 corporation, the United States department of
1 23 agriculture, or any other federal governmental agency
1 24 or instrumentality that has similar requirements for
1 25 mortgage lending programs.
1 26 2. Upon receipt of a certificate of title from a
1 27 manufactured home owner, a county treasurer shall
1 28 notify the department of transportation that the
1 29 certificate of title has been surrendered, remove the
1 30 registration of title from the county treasurer's
1 31 records, and destroy the record of title.
1 32 3. After the surrender of a manufactured home's
1 33 certificate of title under this section, the
1 34 manufactured home shall continue to be taxed under
1 35 section 435.22 and is not eligible for the homestead
1 36 tax credit or the military service tax exemption. A
1 37 foreclosure action on a manufactured home whose title
1 38 has been surrendered under this section shall be
1 39 conducted as a real estate foreclosure. A tax lien
1 40 and its priority shall remain the same on a
1 41 manufactured home after its certificate of title has
1 42 been surrendered.
1 43 4. The certificate of title of a manufactured home
1 44 shall not be surrendered under this section if an
1 45 unreleased security interest is noted on the
1 46 certificate of title.
1 47 5. An owner of a manufactured home who has
1 48 surrendered a certificate of title under this section
1 49 and requires another certificate of title for the
1 50 manufactured home is required to apply for a bonded
2 1 certificate of title under chapter 321."
2 2 #3. Page 5, by inserting after line 18, the
2 3 following:
2 4 "Sec. . EFFECTIVE DATE. Section 100 of this
2 5 Act, being deemed of immediate importance, takes
2 6 effect upon enactment."
2 7 #4. Title page, line 1, by inserting after the
2 8 word "treasurer" the following: "and providing an
2 9 effective date".
2 10 #5. By renumbering as necessary.
2 11
2 12
2 13
2 14 JEFF ANGELO
2 15 SF 134.701 80
2 16 av/cl
Text: S03021 Text: S03023 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 2003 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Feb 28 02:30:25 CST 2003
URL: /DOCS/GA/80GA/Legislation/S/03000/S03022/030227.html
jhf