Text: HF553            Text: HF555
Complete Bill History


House File 554

HOUSE FILE BY KELLEY, KEARNS, IVERSON, and KOESTER A BILL FOR 1 An Act relating to state military service by providing mortgage 2 foreclosure and real estate protections for certain military 3 service members. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2386HH (12) 84 rh/sc PAG LIN 1 1 Section 1. Section 29A.103, subsection 1, Code 2011, is 1 2 amended to read as follows: 1 3 1. The creditor of a service member who, prior to entry into 1 4 military service, has entered into a mortgage contract with the 1 5 service member for the purchase of real or personal property 1 6 shall not foreclose on the mortgage or repossess the property 1 7 for nonpayment or for any breach occurring during military 1 8 service or for nine months after release or discharge from 1 9 military service without an order from a court of competent 1 10 jurisdiction. 1 11 EXPLANATION 1 12 Current law provides that a creditor of a service member who, 1 13 prior to entering military service, entered into a mortgage 1 14 contract with the service member for the purchase of real 1 15 or personal property shall not foreclose on the mortgage or 1 16 repossess the property for nonpayment or for any breach during 1 17 the service member's military service without an order from 1 18 a court of competent jurisdiction. The bill extends this 1 19 protection against mortgage foreclosures for nine months 1 20 after the service member's release or discharge from military 1 21 service. LSB 2386HH (12) 84 rh/sc
Text: HF553            Text: HF555 Complete Bill History