This text of Iowa § 435.26A (Surrender of title) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
1.A person who owns a manufactured home that is located in a manufactured home
community and is installed on a permanent foundation may surrender the manufactured
home’s certificate of title to the county treasurer for the purpose of assuring eligibility for
funds available from mortgage lending programs sponsored by the federal national mortgage
association, the federal home loan mortgage corporation, the United States department of
agriculture, or any other federal governmental agency or instrumentality that has similar
requirements for mortgage lending programs.
2.
a.Upon receipt of a certificate of title from a manufactured home owner, a county
treasurer shall notify the state department of transportation that the certificate of title has
been surrendered, remove the registration of
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1. A person who owns a manufactured home that is located in a manufactured home
community and is installed on a permanent foundation may surrender the manufactured
home’s certificate of title to the county treasurer for the purpose of assuring eligibility for
funds available from mortgage lending programs sponsored by the federal national mortgage
association, the federal home loan mortgage corporation, the United States department of
agriculture, or any other federal governmental agency or instrumentality that has similar
requirements for mortgage lending programs.
2. a. Upon receipt of a certificate of title from a manufactured home owner, a county
treasurer shall notify the state department of transportation that the certificate of title has
been surrendered, remove the registration of title from the county treasurer’s records, and
destroy the certificate of title.
b. The manufactured home owner or the owner’s representative shall provide to the
county recorder the identifying data of the manufactured home, including the owner’s
name, the name of the manufacturer, the model name, the year of manufacture, and the
serial number of the home, along with the legal description of the real estate on which the
manufactured home is located. In addition, evidence shall be provided of the surrender of
the certificate of title. After the surrender of the certificate of title of a manufactured home
under this section, conveyance of an interest in the manufactured home shall not require
transfer of title so long as the manufactured home remains on the same real estate site.
3. After the surrender of a manufactured home’s certificate of title under this section, the
manufactured home shall continue to be taxed under section 435.22 and is not eligible for
the homestead tax exemption and credit or the military service tax exemption and credit.
A foreclosure action on a manufactured home whose title has been surrendered under this
section shall be conducted as a real estate foreclosure. A tax lien and its priority shall remain
the same on a manufactured home after its certificate of title has been surrendered.
4. The certificate of title of a manufactured home shall not be surrendered under this
section if an unreleased security interest is noted on the certificate of title.
5. An owner of a manufactured home who has surrendered a certificate of title under this
sectionandrequiresanothercertificateoftitleforthemanufacturedhomeisrequiredtoapply
§435.26A, PROPERTY TAXES ON MANUFACTURED AND MOBILE HOMES 8
for a certificate of title under chapter 321. If supporting documents for the reissuance of a
title are not available or sufficient, the procedure for the reissuance of a title specified in the
rules of the state department of transportation shall be used.