House Journal: Page 835: Wednesday, March 26, 2003
24 or instrumentality that has similar requirements for
25 mortgage lending programs.
26 2. Upon receipt of a certificate of title from a
27 manufactured home owner, a county treasurer shall
28 notify the department of transportation that the
29 certificate of title has been surrendered, remove the
30 registration of title from the county treasurer's
31 records, and destroy the record of title.
32 3. After the surrender of a manufactured home's
33 certificate of title under this section, the
34 manufactured home shall continue to be taxed under
35 section 435.22 and is not eligible for the homestead
36 tax credit or the military service tax exemption. A
37 foreclosure action on a manufactured home whose title
38 has been surrendered under this section shall be
39 conducted as a real estate foreclosure. a tax lien
40 and its priority shall remain the same on a
41 manufactured home after its certificate of title has
42 been surrendered.
43 4. The certificate of title of a manufactured home
44 shall not be surrendered under this section if an
45 unreleased security interest is noted on the
46 certificate of title.
47 5. An owner of a manufactured home who has
48 surrendered a certificate of title under this section
49 and requires another certificate of title for the
50 manufactured home is required to apply for a bonded
Page 2
1 certificate of title under chapter 321."
2 3. Page 5, by inserting after line 18, the
3 following:
4 "Sec. . EFFECTIVE DATE. Section 100 of this
5 Act, being deemed of immediate importance, takes
6 effect upon enactment."
7 4. Title page, line 1, by inserting after the
8 word "treasurer" the following: "and providing an
9 effective date".
10 5. By renumbering as necessary.
Carroll of Poweshiek offered the following amendment H-1031, to
amendment H-1029, filed by him and moved its adoption:
H-1031
1 Amend the amendment, H-1029, to House File 235 as
2 follows:
3 1. Page 1, line 5, by striking the words
4 "penalized for" and inserting the following:
5 "considered to be".
6 2. Page 1, line 31, by striking the word "record"
7 and inserting the following: "certificate".
© 2003 Cornell College and
League of Women Voters of Iowa
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