House Study Bill 518 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON COMMERCE BILL BY CHAIRPERSON SODERBERG) A BILL FOR An Act relating to service of notice requirements for holders 1 of a property tax sale certificate of purchase. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5427YC (2) 84 md/sc
H.F. _____ Section 1. Section 447.9, subsection 2, Code 2011, is 1 amended to read as follows: 2 2. Service of the notice shall be made by certified mail on 3 any mortgagee having a lien upon the parcel, a vendor of the 4 parcel under a recorded contract of sale, a lessor who has a 5 recorded lease or recorded memorandum of a lease, and any other 6 person who has an interest of record, at the person’s last 7 known address. The notice shall be served on any city where 8 the parcel is situated. Notice shall not be served after the 9 filing of the affidavit required by section 447.12 . Only those 10 persons who are required to be served the notice of expiration 11 as provided in this section or who have acquired an interest 12 in or possession of the parcel subsequent to the filing of the 13 notice of expiration of the right of redemption are eligible 14 to redeem a parcel from tax sale. Service of the notice by 15 certified mail is deemed completed when the notice is deposited 16 in the mail and postmarked for delivery. 17 EXPLANATION 18 This bill relates to the manner in which a holder of a 19 property tax sale certificate of purchase provides certain 20 notices under Code chapter 447 (tax redemption) following a 21 tax sale. The bill requires that service of the notice of 22 expiration of right of redemption made on specified lienholders 23 and interest holders be made by certified mail and specifies 24 when service of such notice is deemed completed. 25 Certified mail means a mail service provided by the United 26 States postal service where the post office provides the mailer 27 with a receipt to prove mailing. 28 Pursuant to Code section 447.14, the law in effect at the 29 time of tax sale governs redemption. 30 -1- LSB 5427YC (2) 84 md/sc 1/ 1