HSB 614

Topics:Courts & civil law Housing & property

Same legislation: SSB 3004, SF 2137, HF 2415

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedJanuary 31, 2020
Done: SubcommitteeJanuary 30, 2020
Done: House committeeFebruary 12, 2020
Done: Passes the HouseMarch 3, 2020
Skipped: Senate committeeSkipped
Done: Passes the SenateFebruary 25, 202050–0
Done: To the GovernorMarch 11, 2020
Done: Signed into lawMarch 12, 2020

SF 2137 became law → The same legislation passed as SF 2137, so this version was set aside. Go to SF 2137 What’s a funnel?

What’s in it

AI summary People who own real estate loans or mortgages can now change or extend the due dates by filing paperwork with the county recorder without needing a formal notarized acknowledgment. This change makes it easier for lenders to update debt information on official records. Additionally, when someone signs a mortgage, they are automatically giving the lender permission to make these types of filings.¹

Read the official explanation

21 has yet to expire, the owner or assignee of the instrument may show a modification of the maturity date, an extension of the maturity date, or an extension of any associated indebtedness by filing a duly acknowledged extension agreement in the office of the recorder where the instrument was recorded. This bill removes the requirement that an extension agreement be duly acknowledged as the original instrument was required to be acknowledged when a filing of the agreement in the county recorder’s office takes place. _____ documentation evidencing a modification of the maturity date, extension of the instrument, or extension of indebtedness by the holder of the debt or owner or assignee of the instrument is sufficient. In addition, the bill provides that a mortgagor, by authorizing a mortgage or becoming bound under an existing mortgage, authorizes the mortgagee to make the filings specified in the bill.

Full bill text · What changed before it passed²

House subcommittee

Named January 30, 2020. On February 6, 2020 it recommended amendment and passage.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§614.21

How the Code works³

Lobbying

3 for · 0 against · 12 undecided · Who →

Family tree

Study bill

SSB 3004Cleared committee HSB 614Cleared committee

88th General Assembly

SF 2137Became lawSenate companion HF 2415Didn’t advanceHouse companion