Senate
Study
Bill
1147
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
JUDICIARY
BILL
BY
CHAIRPERSON
ZAUN)
A
BILL
FOR
An
Act
relating
to
debts
for
which
the
homestead
is
liable
by
1
providing
that
the
homestead
may
be
sold
to
satisfy
debts
2
secured
by
a
mechanic’s
lien,
including
principal,
interest,
3
attorney
fees,
and
costs.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
2007XC
(2)
88
asf/jh
S.F.
_____
Section
1.
Section
561.21,
subsection
3,
Code
2019,
is
1
amended
to
read
as
follows:
2
3.
Those
incurred
secured
by
a
mechanic’s
lien
under
3
chapter
572,
including
principal,
interest,
attorney
fees,
and
4
costs,
for
work
done
or
material
furnished
exclusively
for
the
5
improvement
of
the
homestead.
6
EXPLANATION
7
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
8
the
explanation’s
substance
by
the
members
of
the
general
assembly.
9
This
bill
relates
to
debts
for
which
the
homestead
is
liable.
10
Current
law
provides
that
the
homestead
may
be
sold
to
satisfy
11
debts
incurred
for
work
done
or
material
furnished
exclusively
12
for
the
improvement
of
the
homestead.
The
bill
provides
13
that
the
homestead
may
be
sold
to
satisfy
debts
secured
by
14
a
mechanic’s
lien
under
chapter
572,
including
principal,
15
interest,
attorney
fees,
and
costs,
for
work
done
or
materials
16
furnished
to
improve
the
homestead.
17
-1-
LSB
2007XC
(2)
88
asf/jh
1/
1