Bill Text: IA SF221 | 2019-2020 | 88th General Assembly | Introduced


Bill Title: A bill for an act relating to preservation of interests and claims in real estate and including applicability provisions.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-02-11 - Subcommittee Meeting: 02/12/2019 11:30AM Senate Lobbyist Lounge. [SF221 Detail]

Download: Iowa-2019-SF221-Introduced.html
Senate File 221 - Introduced SENATE FILE 221 BY LOFGREN A BILL FOR An Act relating to preservation of interests and claims in real 1 estate and including applicability provisions. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1153XS (4) 88 ko/jh
S.F. 221 Section 1. Section 614.17A, Code 2019, is amended to read 1 as follows: 2 614.17A Claims to real estate after 1992 . 3 1. As used in this section, unless the context otherwise 4 requires: 5 a. “Arose or first existed” means the date an instrument 6 creating an interest or claim in real estate is recorded and 7 not the date the interest or claim vests, becomes possessory, 8 or becomes actionable. 9 b. “Possessory interest in” or “possessory claim to” means 10 an interest or claim that may, now or in the future, divest 11 a current record titleholder and possessor of real estate of 12 ownership and possession of the real estate or of a fractional 13 interest of the record title holder’s ownership and possession 14 of the real estate. 15 1. 2. After July 1, 1992, an An action shall not be 16 maintained in a court, either at law or in equity, in order to 17 recover or establish an a possessory interest in or possessory 18 claim to real estate if all the following conditions are 19 satisfied: 20 a. The action is based upon an interest or a claim arising 21 that arose or first existed more than ten years earlier or 22 existing for more than ten years . 23 b. The action is against the holder of the record title to 24 titleholder of the real estate and the record titleholder is in 25 possession of the real estate . 26 c. The holder of the record title to titleholder in 27 possession of the real estate in possession and the holder’s 28 record titleholder’s immediate or remote grantors are shown by 29 the record to have held an unbroken chain of title to the real 30 estate for more than ten years. 31 2. 3. a. The To preserve a claim to recover or establish 32 a possessory interest in or possessory claim to real estate a 33 claimant , within ten years of the date on which the claim arose 34 or first existed , must file with the county recorder in the 35 -1- LSB 1153XS (4) 88 ko/jh 1/ 4
S.F. 221 county where the real estate is located a written statement 1 which is duly acknowledged and definitely describes the real 2 estate involved, the nature and extent of the right of interest 3 claimed, and the facts upon which the claim is based. The 4 claimant must file the statement in person or by the claimant’s 5 attorney or agent. If the claimant is a minor or under a legal 6 disability, the statement must be filed by the claimant’s 7 guardian, trustee, or by either parent. 8 b. The filing of a claim shall extend for a further period 9 of ten years the time within which such action may be brought 10 by any person entitled to bring the claim. The person may file 11 extensions for successive claims. To continue to preserve 12 a claim to recover or establish a possessory interest in or 13 possessory claim to real estate for an additional ten-year 14 period, a claimant must file a written statement pursuant to 15 paragraph “a” on or before ten years after the filing date of 16 the original written statement. A claimant may file successive 17 written statements prior to the expiration of the preceding 18 ten-year extension period in order to continue to preserve such 19 claim. 20 4. This section shall not apply to: 21 a. An interest in or claim to real estate that is preserved 22 pursuant to section 614.36. 23 b. An action to recover or establish an interest in or 24 claim to real estate based on a reversionary interest, reverted 25 interest, or interest in a use restriction barred by sections 26 614.24 through 614.28. 27 c. An action by a party that has granted a right of first 28 refusal if such party is still the record titleholder and in 29 possession of the real estate. 30 3. 5. Nothing in this section shall be construed to revive 31 any cause of action barred by section 614.17 . 32 6. Nothing in this section shall be construed to bar an 33 action for damages for breach of a contract regarding an 34 interest in or claim to real estate. 35 -2- LSB 1153XS (4) 88 ko/jh 2/ 4
S.F. 221 Sec. 2. APPLICABILITY. This Act shall not apply to actions 1 filed on or before the effective date of this Act. 2 EXPLANATION 3 The inclusion of this explanation does not constitute agreement with 4 the explanation’s substance by the members of the general assembly. 5 This bill relates to preservation of interests in and claims 6 to real estate. 7 Under current law, if any claimed interest in real estate 8 arose more than 10 years earlier, or has been in existence 9 for more than 10 years, is against a record titleholder in 10 possession of the property with an unbroken chain of title 11 for more than 10 years, an action to establish the interest 12 is barred unless the claimant has filed a written statement 13 of the claim within 10 years from the date the interest arose 14 or first came into existence. The bill defines “arose or 15 first existed” as the date an instrument creating an interest 16 in real estate is recorded and not the date the interest 17 vests, becomes possessory, or becomes actionable. Filing the 18 statement extends the time for bringing an action for another 19 10 years and a claimant may file for successive extensions of 20 the 10-year period. 21 The bill makes the requirement to file a statement 22 applicable only to a possessory interest in or possessory claim 23 to real estate. The bill defines “a possessory interest in” 24 or “possessory claim to” as an interest or claim that may, 25 now or in the future, divest a current record titleholder and 26 possessor of real estate of ownership and possession of the 27 real estate, or of a fractional interest of the record title 28 holder’s ownership and possession of the real estate. 29 The bill provides that the requirement does not apply to an 30 interest or claim by a lessor, reversioner, or to easements 31 that are preserved pursuant to Code section 614.36. An 32 action to recover or establish an interest based on a claimed 33 reversionary interest, reverted interest, or interest in 34 use restriction is also not subject to the statement filing 35 -3- LSB 1153XS (4) 88 ko/jh 3/ 4
S.F. 221 requirement. 1 The bill provides that the Code section does not apply to 2 an action by a party that has granted a right of first refusal 3 in real estate if such party is still the record titleholder 4 and in possession of the real estate. The bill does not bar 5 an action for damages for breach of a contract regarding an 6 interest in real estate. 7 The bill does not apply to actions filed on or before the 8 effective date of the bill. 9 -4- LSB 1153XS (4) 88 ko/jh 4/ 4
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