Senate Study Bill 1135 



                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            COMMERCE BILL BY
                                            CHAIRPERSON WARNSTADT)


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

                                      A BILL FOR

  1 An Act prohibiting declaration of value forms for the conveyance
  2    of real estate to include social security numbers.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1948SC 83
  5 da/mg:sc/5

PAG LIN



  1  1    Section 1.  Section 428A.7, Code 2009, is amended to read
  1  2 as follows:
  1  3    428A.7  FORMS PROVIDED BY DIRECTOR OF REVENUE.
  1  4    The director of revenue shall prescribe the form of the
  1  5 declaration of value and shall include an appropriate place
  1  6 for the inclusion of special facts and circumstances relating
  1  7 to the actual sales price in real estate transfers.  The
  1  8 director shall provide an adequate number of the declaration
  1  9 of value forms to each county recorder in the state.  The
  1 10 declaration of value form shall not require or provide for the
  1 11 social security number of any seller or buyer or their agents.
  1 12                           EXPLANATION
  1 13    When real estate is conveyed, a declaration of value signed
  1 14 by at least one of the sellers or buyers or their agents must
  1 15 be submitted to the county recorder (Code section 428A.1).
  1 16 The declaration of value must include information about the
  1 17 real estate including the consideration paid, and must be
  1 18 signed by one of the parties or their agents.  The department
  1 19 of revenue prescribes the forms for such declarations which
  1 20 includes places for the inclusion of facts and circumstances
  1 21 relating to the sale (Code section 428.7).  The bill provides
  1 22 that the form shall not require or provide for the social
  1 23 security number of a buyer or seller or their agents.
  1 24 LSB 1948SC 83
  1 25 da/mg:sc/5