Iowa Code 655A.6 – Rejection of notice
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Terms Used In Iowa Code 655A.6
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- 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
655A.6 Rejection of notice.
1. If either the mortgagor, or successor in interest of record including a contract purchaser, within thirty days of service of the notice pursuant to § 655A.3, files with the recorder of the county where the mortgaged property is located, a rejection of the notice reasonably identifying the notice which is rejected together with proofs of service required under § 655A.4 that the rejection has been served on the mortgagee, the notice served upon the mortgagor pursuant to § 655A.3 is of no force or effect.
2. Rejection of notice pursuant to subsection 1 shall not be available to a mortgagor, or successor in interest of record including a contract purchaser, of a mortgaged property that a court of competent jurisdiction determined has been abandoned pursuant to § 657A.2, on or after the date as determined in § 657A.2, subsection 5.
87 Acts, ch 142, §22; 2001 Acts, ch 44, §31; 2009 Acts, ch 51, §13, 17; 2019 Acts, ch 105, §2
Referred to in §655A.3, 655A.8
1. If either the mortgagor, or successor in interest of record including a contract purchaser, within thirty days of service of the notice pursuant to § 655A.3, files with the recorder of the county where the mortgaged property is located, a rejection of the notice reasonably identifying the notice which is rejected together with proofs of service required under § 655A.4 that the rejection has been served on the mortgagee, the notice served upon the mortgagor pursuant to § 655A.3 is of no force or effect.
2. Rejection of notice pursuant to subsection 1 shall not be available to a mortgagor, or successor in interest of record including a contract purchaser, of a mortgaged property that a court of competent jurisdiction determined has been abandoned pursuant to § 657A.2, on or after the date as determined in § 657A.2, subsection 5.
87 Acts, ch 142, §22; 2001 Acts, ch 44, §31; 2009 Acts, ch 51, §13, 17; 2019 Acts, ch 105, §2
Referred to in §655A.3, 655A.8