Iowa Code 654.6 – Deficiency — general execution
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 654.6
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- property: includes personal and real property. See Iowa Code 4.1
654.6 Deficiency — general execution.
If the mortgaged property does not sell for an amount which is sufficient to satisfy the execution, a general execution may be issued against the mortgagor, unless the parties have stipulated otherwise.
[C51, §2085; R60, §3662; C73, §3322; C97, §4290; C24, 27, 31, 35, 39, §12377; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, §654.6]
86 Acts, ch 1216, §3, 14; 2011 Acts, ch 34, §143
Referred to in §627.6, 654.25, 654.26
See also §615.1
If the mortgaged property does not sell for an amount which is sufficient to satisfy the execution, a general execution may be issued against the mortgagor, unless the parties have stipulated otherwise.
[C51, §2085; R60, §3662; C73, §3322; C97, §4290; C24, 27, 31, 35, 39, §12377; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, §654.6]
86 Acts, ch 1216, §3, 14; 2011 Acts, ch 34, §143
Referred to in §627.6, 654.25, 654.26
See also §615.1