Senate Amendment 3077


PAG LIN




     1  1    Amend Senate File 364 as follows:
     1  2 #1.  Page 3, line 28, by inserting after the word
     1  3 <person> the following:  <or the person's attorney>.
     1  4 #2.  Page 4, line 15, by striking the words
     1  5 <commencing an action> and inserting the following:
     1  6 <filing a petition>.
     1  7 #3.  Page 8, line 1, by inserting after the word
     1  8 <filed.> the following:  <Except as otherwise provided
     1  9 in this section, the filing of a rescision shall
     1 10 operate as a setting aside of the decree of
     1 11 foreclosure and a dismissal of the foreclosure without
     1 12 prejudice, with costs assessed against the plaintiff.>
     1 13 #4.  Page 8, by striking lines 34 and 35 and
     1 14 inserting the following:  <lienholder's debt against
     1 15 the mortgaged property, but, subject to the provisions
     1 16 of chapter 615, shall not otherwise>.
     1 17 #5.  Page 10, by striking lines 12 and 13 and
     1 18 inserting the following:  <default.  Unless, within
     1 19 thirty days, the junior lienholder performs pursuant
     1 20 to section 655A.5, the mortgagee may file a>.
     1 21 #6.  Page 10, by striking lines 29 and 30 and
     1 22 inserting the following:  <section 654.4B takes effect
     1 23 May 1, 2009.>
     1 24 #7.  By renumbering as necessary.
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     1 27                               
     1 28 ROBERT M. HOGG
     1 29 SF 364.301 83
     1 30 rh/nh/22817
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