§ 615.3 — Future judgments without foreclosure

Iowa § 615.3

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 615: LIMITATIONS ON JUDGMENTS

Text

A judgment hereafter rendered on a promissory obligation secured by a mortgage, deed of
trust, orrealestatecontractuponpropertywhichatthetimeofthejudgmentiseitherusedfor
an agricultural purpose as defined in section 535.13 or a one-family or two-family dwelling
which is the residence of the mortgagor, but without foreclosure against the security, shall
not be subject to renewal by action thereon, and, after the lapse of two years from the date
of rendition, shall be without force and effect for any purpose whatsoever except as a setoff
or counterclaim. As used in this section, “mortgagor” means a mortgagor of a mortgage or a
borrower executing a deed of trust as provided in chapter 654 or the vendee of a real estate
contract.

Legislative History

[C35, §11033-g1; C39, §11033.3; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §615.3]