Iowa § 557A.17 Blanket mortgage or other liens affecting a time-share interval at time of first conveyance

Iowa Statutes

§ 557A.17 — Blanket mortgage or other liens affecting a time-share interval at time of first conveyance

Iowa § 557A.17

Title XIVPROPERTY

Ch. 557ATIME-SHARES

This text of Iowa § 557A.17 (Blanket mortgage or other liens affecting a time-share interval at time of first conveyance) 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.

Bluebook

Iowa Code § 557A.17 (2026).

Text

conveyance.
The developer whose project is subject to an underlying blanket lien or encumbrance
shall protect nondefaulting purchasers from foreclosure by the lienholder by obtaining from
the lienholder written assurances that the lienholder will not foreclose on nondefaulting
purchasers. These written assurances may be in the form of a nondisturbance clause,
subordination agreement, or partial release of the lien as the time-share intervals are sold,
or the developer may obtain the agreement of the lienholder to take the project, in the event
of default by the developer, subject to the rights of the nondefaulting purchasers by entering
into a financing plan or escrow agreement sufficient to protect the lienholder’s interest.

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conveyance.
The developer whose project is subject to an underlying blanket lien or encumbrance
shall protect nondefaulting purchasers from foreclosure by the lienholder by obtaining from
the lienholder written assurances that the lienholder will not foreclose on nondefaulting
purchasers. These written assurances may be in the form of a nondisturbance clause,
subordination agreement, or partial release of the lien as the time-share intervals are sold,
or the developer may obtain the agreement of the lienholder to take the project, in the event
of default by the developer, subject to the rights of the nondefaulting purchasers by entering
into a financing plan or escrow agreement sufficient to protect the lienholder’s interest.