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
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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
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