Senate File 184 - Introduced





                                       SENATE FILE       
                                       BY  BOLKCOM


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing for inclusion of annual utility costs in
  2    information required to be disclosed prior to a transfer of
  3    real estate.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 2291SS 83
  6 rn/rj/14

PAG LIN



  1  1    Section 1.  Section 558A.4, subsection 1, Code 2009, is
  1  2 amended to read as follows:
  1  3    1.  The disclosure statement shall include information
  1  4 relating to the condition and important characteristics of the
  1  5 property and structures located on the property, including
  1  6 significant defects in the structural integrity of the
  1  7 structure, as provided in rules which shall be adopted by the
  1  8 real estate commission pursuant to section 543B.9.  The
  1  9 disclosure statement shall also include the total amount of
  1 10 utility costs billed to the property and structures located on
  1 11 the property during the preceding twelve=month period.  The
  1 12 rules may require the disclosure to include information
  1 13 relating to the property's zoning classification; the
  1 14 condition of plumbing, heating, or electrical systems; or the
  1 15 presence of pests.
  1 16                           EXPLANATION
  1 17    This bill adds to information currently required to be
  1 18 disclosed by a transferor of real property to a transferee in
  1 19 a written disclosure statement the disclosure of utility costs
  1 20 billed to the property during the preceding 12=month period.
  1 21 LSB 2291SS 83
  1 22 rn/rj/14