§ 554B.4 — Recording memorandum of mortgage or deed of trust

Iowa § 554B.4

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554B: SECURED TRANSACTIONS OF TRANSMITTING UTILITIES

Text

If a mortgage or deed of trust upon real estate is executed by a transmitting utility and the
real estate described in the instrument is situated in more than one county, the recording
requirement of section 554B.3 establishing constructive notice is satisfied by either of the
following:
1. Recording the mortgage or deed of trust in each county in which any portion of the
property is situated.
2. Recording the mortgage or deed of trust in at least one county in which a portion of the
real estate is situated, and by recording in every other county in which a portion of the real
estate is situated a memorandum of the mortgage or deed of trust containing, at a minimum,
the following:
a. The names and addresses of the mortgagor and mortgagee.
b. A legal description of all real property and interests therein subject to the mortgage or
deed of trust.
c. The date of maturity of the indebtedness secured by the mortgage or deed of trust and
whether the instrument secures future advances.
§554B.4, SECURED TRANSACTIONS OF TRANSMITTING UTILITIES 2
d. A statement as to whether or not the mortgage or deed of trust applies to subsequently
acquired property of the transmitting utility.
e. The county recorder’s office where the mortgage or deed of trust is recorded, the
recording date, and document identification number.
f. Such other information as deemed appropriate by the transmitting utility.