Senate
File
2137
-
Enrolled
Senate
File
2137
AN
ACT
RELATING
TO
FILING
REQUIREMENTS
APPLICABLE
TO
EXTENSIONS
OF
REAL
ESTATE
CONVEYANCES
OR
TRANSACTIONS
UNDER
SPECIFIED
CIRCUMSTANCES.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
614.21,
subsection
2,
Code
2020,
is
amended
to
read
as
follows:
2.
The
date
of
maturity,
when
different
than
as
appears
by
the
record
of
the
instrument,
and
the
date
of
maturity
of
any
extension
of
the
instrument
or
the
debt
or
of
said
indebtedness
or
part
thereof,
may
be
shown
at
any
time
prior
to
the
expiration
of
the
periods
of
limitation
specified
in
subsection
1
by
the
holder
of
the
debt
or
the
owner
or
assignee
of
the
instrument
by
filing
an
extension
agreement,
duly
acknowledged
as
the
original
instrument
was
required
to
be
acknowledged,
in
the
office
of
the
recorder
where
the
instrument
is
recorded
an
extension
agreement
or
other
documentation
confirming
an
agreement
to
extend
the
date
of
maturity
of
the
instrument
or
said
debt
or
said
indebtedness
secured
thereby.
By
authorizing
or
becoming
bound
under
an
existing
real
estate
mortgage,
bond
for
deed,
trust
deed,
or
contract
for
the
sale
or
conveyance
of
real
estate,
the
grantor
or
mortgagor
thereunder
authorizes
the
Senate
File
2137,
p.
2
holder
of
said
debt
or
the
owner
or
assignee
of
said
instrument
to
make
the
filing
under
this
subsection.
______________________________
CHARLES
SCHNEIDER
President
of
the
Senate
______________________________
PAT
GRASSLEY
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
2137,
Eighty-eighth
General
Assembly.
______________________________
W.
CHARLES
SMITHSON
Secretary
of
the
Senate
Approved
_______________,
2020
______________________________
KIM
REYNOLDS
Governor